Ripple vs. SEC: Case Drags On, But Here’s What’s Changed and Why It Matters

• Ripple and the SEC battle will end “very soon,” said Brad Garlinghouse on July 18.
• A closed-door meeting was expected on July 18th but was canceled at the last minute.
• Lawyer Marc Fagel said that a settlement meeting will take 1-2 months to materialize.

Ripple’s long-running legal battle with the SEC over the classification of its XRP cryptocurrency may be nearing a resolution, as CEO Brad Garlinghouse hints at a conclusion in an interview with Bloomberg.

Speculation of a settlement has been swirling, but the outcome remains uncertain, leaving the crypto community on edge as it awaits a decision. Some anticipate a settlement, while others believe a ruling favoring Ripple as the more likely outcome. 

Honestly why would there be a settlement now … ripple are likely to get a favourable decision from the judge so the SEC would have to low ball offer to get them to agree and we all know that’s not happening …. IMO they didn’t come this far to settle moments before a win

— Jonno (@jshnizzle1) July 25, 2024

Garlinghouse avoided predicting an exact end date, but revealed that Ripple has spent $150 million on legal fees during its three-year battle…

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