At the joint request of the US Securities and Stock Exchange Commission (SEC), the US Second Court of Appeal, the US Second Chamber, announced that a new era has been entered in the long -standing legal process. The court decided to suspend the appeal phase for 60 days. This decision aims to recognize an official field for the reconciliation negotiations between the parties. At the end of the process, SEC is expected to present a detailed situation report until June 15th.
Court decision and freezing of the process
In March, the SEC announced to the public that he would withdraw from the appeal in his case against Ripple. Immediately after this development, Ripple took a step towards withdrawing an against appeal. Ripple CEO Brad Garlinghouse, in his share on social media, “I can announce the end of the case now, the process is completed.” He said.
The 60 -day stop decision of the court is considered not only a technical waiting time, but also as a strategic move to accelerate the search for solutions. At the end of the process, new negotiation tours are expected to be organized between the parties. This may contribute to the clearer determination of the steps to be taken to the future both on the Ripple and the SEC front.
According to the past decisions, Ripple’s XRP sales for corporate investors were found to be contrary to the regulations. On the other hand, such a violation was not seen for transactions with individual investors. This distinction shows that many controversial issues between the parties are still not clear.
The search for reconciliation and the effects of the new era
During the long -standing trial, the parties had attempted non -compromise from time to time. However, with this latest development, it is understood that negotiations will now be carried out on a more official and concrete ground. The 60 -day suspension process is seen as an important turning point in both legal and strategic terms.
SEC’s new management approach also directly affects this process. It is stated that the institution was withdrawn from some cases and the penalties were revised. This is interpreted that a more flexible approach is adopted in the Ripple case.
There are various legal headings between the parties that have not been resolved. It is aimed to discuss these issues in detail within 60 days and to create permanent solutions. At the end of this process, the Court says that the parties can reach a clearer and more consistent agreement.
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.
