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The much-extended legal skirmish between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) refuses to end, keeping the XRP community on tenterhooks. In spite of a changing regulatory environment and partial court decisions in Ripple’s favor, negotiations between the two sides are yet to be wrapped up.
Extended Negotiations and Legal Ramifications
The delay now, according to legal analyst James Murphy, could be due to Ripple’s attempts to negotiate changes in certain areas of the court’s decision. Although Ripple won a partial battle when the court decided that XRP sales on secondary markets are not securities transactions, the company might still be negotiating better terms for its institutional sales and compliance requirements.
XRP lawyer John Deaton endorsed Murphy’s hypothesis, deeming it “solid.” Deaton opines that Ripple’s lawyers are attempting to make the ultimate settlement—or any possible ruling—coincide with the company’s long-term strategic objectives and reduce regulatory risks.
The XRP Community’s Anticipation
The long-drawn-out legal process has kept the XRP community waiting for clarification. The results of these negotiations will not just affect Ripple and its leaders but also determine a precedent for digital assets in the U.S. The ambiguity in the case is still affecting the market dynamics of XRP, with investors looking closely for any updates.
What’s Next?
Although a resolution is still out of reach, analysts are convinced that Ripple’s continued negotiations with the SEC suggest an intention to settle the case on terms acceptable to both parties. Until, however, a formal agreement is signed or a final court decision is made, the XRP community is in a state of guarded optimism.
As the talks go on, everyone keeps their eyes glued to Ripple, the SEC, and the changing regulatory landscape that may determine the future of digital assets.
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