Ripple Labs with the US Securities Institution and Ripple Labs submitted an important joint application for the file after a mutual agreement was achieved. The application is stated that the court is requested to be suspended while the final decision is expected. It was previously announced that the parties decided not to take new steps in line with the agreement reached in the previous stages.
Why is the Ripple case over?
The file was presented to be evaluated by the US Court. The names of Ripple CEO Brad Garlinghouse and the founding partner Chris Larsen are among the relevant sides of the case. The two sides decided not to take additional steps in the next process and aimed to use existing resources more efficiently.
The purpose of the joint application based on the previous agreement is to take steps to not waste resources from the long -term process. The application emphasizes that the process of re -evaluating the file in the court should be expected and thus the parties will not make a new attempt against each other. This shows that both institutions act by adhering to the current agreement.
In the statements made to the file, it is also mentioned that the regulatory institution has taken a new and positive approach. The change in the existing regulatory environment may be effective on the course of the operations. This development may set an example for more effective use of resources in similar legal processes.
Change in regulatory approach
With the application, the subsequent document examination phase stipulated on April 16 will become unnecessary. With this development, it is stated that the request for suspending the file may directly affect the progress. Depending on the final decision from the relevant court, the process will be punctuated.
The common attitude of the parties will contribute to the monitoring of a fair process within the framework of the recent agreement. The documents submitted in the file and the decision steps taken are considered as an indication that the legal process will be reshaped after the final court approval.
In summary, SEC regulations eliminate cases until mature and aims to complete the rules -creating process without any problems. After the rules have been formed, the SEC, Ripple or crypto companies can re -sue. However, the expected scenario is that only fraud events will be the subject of a lawsuit.
The process of the file is progressing in line with the mutual agreement of the parties. Although there is uncertainty in the legal steps, the course of the file may become clear with the final decision of the court. The changing regulatory approach can offer significant indicators of optimization of resource use in similar cases.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
