The post SEC vs. Ripple News: Settlement Talks Heat Up, Could XRP Finally Break Free? appeared first on Coinpedia Fintech News
The Ripple SEC case finally seems to come to an end as both the parties have agreed to pause their legal appeals as they enter settlement talks. There are speculations that the incoming SEC Chair Paul Atkins could drop the case altogether.
In a court filing on April 10th, both the parties said they want to save time and resources while trying to reach a settlement. Hence, Ripple will no longer need to respond to the SEC’s brief that was due on April 16.
In a latest X post, prominent crypto influencer, John Squire shared his detailed analysis on the conclusion of Ripple XRP case and the shift in SEC’s stance.
He believes that Ripple and the SEC’s joint move to pause their appeals is not just a routine step but a strategic move. All of this combined with unusual whale activity and renewed institutional wallet moves, indicates that high-level negotiations are place behind closed doors. He believes that this is a quiet buildup before major structural shifts in high stakes cases like this one.
He is confident that if a settlement is reached today, April 16th, it may not only end the legal battle but also open the door for a potential XRP ETF. He notes that this day could mark a turning point in XRP’s history.
He also highlighted that the settlement would bring XRP out of regulatory ‘limbo’ which would spark renewed institutional interest and investment, removing the limits that have held back XRP’s growth for years. He also clarified that this is not just speculation, but a logical analysis based on observable moves.
“When institutions start positioning ahead of time, it’s because they know what’s coming. And what’s coming might be one of the most important validations the crypto space has seen in a long time,” he remarked.
This day could kickstart huge XRP rally, fueled by strong fundamentals. And the multiple XRP ETF filings that already exist could get the momentum they need to succeed.
Ripple CEO Brad Garlinghouse had also hinted previously in March that the XRP case close to ending. The latest move to pause the case indicates that the SEC might be changing its stance especially with Atkins set to take over as the SEC Chair after the Senate confirmed his appointment on April 9.
Besides, Attorney Fred Rispoli had recently shared that something big is expected to happen on or before April 16th, which is the due date for Ripple’s appellate brief. He said that Ripple cannot delay their next court move, hence by April 16, they will either file their appeal which is unlikely with a 10% chance, or announce a settlement or withdrawal with a probability of 90%.
