Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: waybesuricata on February 16, 2021, 07:37:21 PM
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The Securities and Exchange Commission (SEC) charges against Ripple Labs over alleged illegal sales of XRP will likely be fought out in court as neither side looks to be backing down.
On Feb. 15 the SEC and Ripple filed a joint letter to the U.S. Southern District of New York federal court. It mentions there is currently no “prospect for settlement at this time.”
According to the SEC, settlement discussions have already taken place. Ripple, however, has retorted that these discussion happened “with relevant division directors who have since left the SEC.”
Source and continuation of the article: https://beincrypto.com/ripple-ec-pretrial-settlement-prospects-running-dry/