After the intense legal struggle for more than four years Ripple $2.16 The case between Labs and the US Securities and the Stock Exchange Commission (SEC) is about to end. The parties presented a joint agreement to the court in order to prevent extended appeal processes and delays. According to the proposal, Ripple will allow the $ 125 million fund to be released. 50 million dollars of this amount will be paid to the SEC as a civilian fine, and the remaining 75 million dollars will be returned to Ripple. Experts, especially lawyer John Deaton70 percent of the agreement of the agreement of the agreement evaluating.
Expert Deaton discussed the deficiencies of the agreement proposal on the table
John Deaton, SelectionHe argues that he must be confessed by accepting his past approach. Deaton announced that he and other lawyer Fred Rispoli did not expect him to excessively praise Judge Analisa Torres in the presentations of the parties. On the contrary, SEC’s crypto currency He emphasized that he expects him to accept his hard approach, which is described as “arbitrary and capricious karşı against the sector. In the previous court decisions, especially in the DEBT Box case, Secular lawyers were sanctioned, and in the Ripple case, Judge Netburn ruled that SEC did not show loyal commitment to law ”.
In addition to these criticisms in the presentations of Deaton, Ripple and SEC, it is expected to come out soon Clarity law And Genius law Referring to the new crypto currency legislation such as, the agreement expects to emphasize the necessity to clarify the sector. He also faced Ripple’s order of prohibition, while other crypto currency companies (such as Circle) can act in clarity and prefer the unjustness of the banks that do not have a lawsuit on the banks. Deaton said that more powerful arguments should be presented in the presentation to reverse the current decision of Judge Torres.
Mixed reactions about the possibility of agreement from the law circles
Lawyer Fred Rispolithe practical effect of the prohibition order questioned. Rispoli said he wondered what the main purpose of the prohibition order was to continue if he can simply give SEC Ripple a permission to exemption to overcome this order. This creates question marks as to whether the prohibition order will provide a real deterrence.
Old Secretary Officer Marc Fagel also brought criticism to SEC’s latest presentation. Fagel said that the emphasis on the Elections and policy changes in SEC’s arguments did not constitute a strong legal justification. This indicates that SEC should be based on more solid legal foundations while defending the agreement. On the other hand, lawyer Bill MorganAlthough Ripple-SEC stated that the joint application is “no matter how much it is read, the more convincing it is, the judge Torres will probably approve this proposal in his opinion. Morgan predicts that the general desire to end the case rather than the content of the presentation.
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.
