Prominent legal experts and intellectuals have debunked rumors concerning the ongoing Ripple-SEC court battle. The rumors caught pace after a recent court hearing that ordered Ripple to submit its financial statements for 2022–23.
Here’s What The Experts Are Saying On The Ripple-SEC Case
Several legal experts and lawyers have voiced their opinions, debunking the settlement rumor spree that has been spreading like wildfire in the crypto space. Speaking about the confidential and sensitive nature of the case, Bill Morgan, an experienced lawyer, reiterated:
“People may not understand that settlement negotiations are confidential and subject to a form of privilege. Therefore, there is no hint of a settlement until there is suddenly a settlement.”
Another legal virtuoso, Jesse Hynes, was also quick to add comments, stating that such rumors are nonsensical.
“Any rumors about a Ripple and SEC settlement are just nonsense if and until a settlement happens. This isn’t something that leaks, and when settlement talks leak, it’s often in some form of power play move for leverage. Don’t trust the nonsense,” Hynes stated.
Another legal expert, Marc Fagel, also voiced his comments on the Ripple-SEC settlement rumors. Fagel outlined the significance of sensitive information and legal matters with a touch of humor.
“Yes, back in my SEC litigation days, we always made sure to call some random anonymous Twitter account before entering into settlement negotiations. It just seemed like common courtesy.”
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The Case’s Mayhem Continues
Keeping the rumor spree aside, the Ripple vs. SEC case is still pretty aggressive. A new Thursday filing has ordered Ripple to submit financial statements for the SEC to investigate.
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This entails, to an extent, that the case still has several legal branches to wrap around. This also signals how a possible settlement is truly an out-of-sight development at the moment.