Ripple vs SEC Update: Settlement Might Come in a Few Days, XRP Price Stays Flat

XRP Captain shared an important update regarding the ongoing legal battle between Ripple Labs and the SEC. He indicated that a settlement could be close

The legal battle between Ripple Labs and the SEC has been closely followed by the crypto community, especially XRP holders. Now, a new development might indicate that the case could be nearing a settlement.

According to XRP Captain, a well-known crypto influencer and XRP supporter, the settlement could be reached before November 4th. In a recent tweet, XRP Captain shared a screenshot of a court document highlighting a joint motion for entry of final judgment and stay, which is related to Docket 437.

Based on the document, the court has suggested an alternative resolution, suggesting that the parties consider a voluntary dismissal without prejudice of the remaining individual claim, which could be re-filed after the resolution of ongoing appeals or class claims.

If both parties are open to this alternative approach, an amended proposed order should be submitted. However, if they are not in agreement, a notice must be filed by November 4, 2024. XRP Captain suggests that this timeline could be hinting at a settlement in the case.

XRP Captain's commentary on the court document suggests that if both parties are willing to consider the alternative resolution proposed by the court, they should submit an amended proposed order. However, in the absence of such agreement, both parties are expected to file a notice by November 4, 2024.

This detail in the court document appears to be the key factor XRP Captain is highlighting in his analysis, suggesting that the court is pushing for a resolution in the case before that date.

As for the implications on XRP's future, the commentary suggests that a settlement could pave the way for XRP to be re-listed on major exchanges like Binance and Coinbase, which would likely lead to a significant increase in demand and price for the coin.

However, it's important to note that this is just speculation at this point, and we'll have to wait and see how the situation unfolds.

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