The case between the United States Securities and Exchange Commission (SEC) and Ripple Labs could come to an end soon, crypto reporter Eleanor Terrett revealed on Wednesday, citing sources.
According to the sources, the reason an agreement has not yet been reached is because Ripple's legal team is looking to get "more favorable terms" for the August 2024 ruling, when a Manhattan court judge ordered the company to pay $125 million to the SEC in penalties over improper XRP cryptocurrency selling.
The sources explained that as the new SEC leadership aims to wipe the slate clean when it comes to crypto firms that were previously targeted, Ripple doesn't see why it should pay a fine when "regulatory clarity" is supposed to "resolve the underlying issue."
