According to bits and pieces of information doing the rounds, the concerned court conducting the legal proceedings initiated by the United States Securities and Exchange Commission (SEC) against Ripple may decide to end it.
For the uninitiated, the SEC duly filed a lawsuit against Ripple sometime in December 2020. In this lawsuit, the SEC claimed that the office of Ripple and its senior officers had been instrumental in collecting more than $1.3 billion by offering unregistered and unregulated securities.
Further to this fact, the lawsuit also claimed that it was the defendant, Ripple, which intentionally and knowingly did not bother to officially state the offers and sales of XRP carried out by it. However, this was also followed by a further claim that the entity went over and beyond the boundaries of the law in matters of registration of provisions.
In the meantime, and in the present scenario, the scene at the court is simply overflowing with claims and counterclaims being made at regular and frequent intervals by both of the concerned parties.
Since the entire matter happens to be sub-judice and has negatively impacted all who are connected, the Ripple XRP community has turned itself into an entirely wait-and-watch mode. Their collective wish and desire are that the concerned court comes out with a fair and just ruling on the matter and ends this long legal battle soon enough.
