Settlement Rumors Sparked in Ripple Case as SEC Remains Silent

The lack of recent motions from the SEC in the ongoing lawsuit against Ripple has raised speculation about potential settlement talks. Legal expert and XRP supporter, Fred Rispoli, has commented on the unusual silence in the proceedings, noting that the damages-related discovery phase is set to end on February 12. Rispoli suggests that the absence of SEC motions could indicate an agreement between Ripple and the SEC, potentially leading to a settlement after the review of the discovery. However, if the SEC chooses a different path, Rispoli envisions a longer legal process with a detailed damages briefing scheduled to end on April 29. Rispoli acknowledges the hope for a settlement but also warns of the risks of this quiet phase, which could result in a swift escalation of the case. As the February 12 deadline approaches, the crypto community eagerly awaits the next developments in this legal battle. Currently, XRP is trading at $0.5719 with a market cap of $30.9 billion, reflecting the ongoing uncertainty surrounding Ripple.