I also don't think both parties will reach an agreement. Neither Ripple nor the SEC want to give in and, like I said, give the public a chance to see the weakness of either of them. The SEC will continue to press looking for weak points, such as the hacking of some of Chris Larsen's wallets. That point is crucial, since the SEC can argue about the little or no security (something we know is not true) of Ripple's products, thus finding a loophole to continue searching. I think now is when Ripple will have to expose and demonstrate that its products have the necessary technology and security to protect users' privacy and funds.
Did you read last week's news, about the
XRP hijacking of co-founder
Chris Larsen? - Read it, it's a very interesting situation.
Source: https://twitter.com/chrislarsensf/status/1752702297971532258About the
SEC and the court case. I believe that the situation will be resolved if
XRP is as transparent as possible + if they cooperate. It can't be any other way. Or
SEC will not leave them alone. Not much of a choice.
There is such interesting news related to the
SEC.
"The court ordered
Ripple to provide the
SEC with financial statements for
2022-202. The documents, according to the Commission, may help the regulator prove the cryptoproject's guilt in the illegal issuance and sale of securities in the form of
XRP."
Source: https://decrypt.co/215861/judge-says-ripple-must-hand-over-financial-statements-to-sec