Why delay the Ripple VS SEC settlement? star-news.press/wp

The case of Ripple VS SEC has taken another important turn with demands for delaying the settlement of the lawyer Mark Vagil, which sparked a hot discussion. Rumors rejected the ongoing negotiations between SEC and Ripple, FAGEL revealed the internal procedures that may lead the delay.

What delays the settlement of the XRP lawsuit?

Amid anticipation to settle the XRP suit, a new development has emerged regarding the possible reasons behind the delay. After the closed doors meeting on July 17 failed to achieve the expected result, society began to check the reasons behind the delay.

Meanwhile, Mark Faljal refused speculation that the ongoing negotiations between SEC and Ripple led the delay, despite the previous agreements between the two parties. in X post“This is not the reason for the delay.” It also shed light on the possible reason to delay the settlement of the lawsuit in XRP, citing the internal SEC procedures, including formulating procedures notes, department reviews, and scheduling photographers, as the potential perpetrator. Read his statement,

This is not the reason for the delay. Employees need to formulate the work note. It must be reviewed by divisions and evaluation to vote. But please, continue to give a former SEC official lecture on SEC procedures.

Previously, Coingape reported, FAGEL rejected rumors that Judge Torres or SEC was delaying the case. He pointed out that “no one holds the case.” The last repetition of a tweet has the idea that the settlement is delayed due to internal procedures, not deliberate procedures.

What does the SEC private meeting mean?

With the escalation of the XRP lawsuit after the Ripple was expelled for appeal, all eyes are present in the closed door meetings in SEC. Since the July 3 meeting, the community has expected a positive result of the Ripple VS SEC case. Despite these speculation, Faggel stood up in his claim that the meeting had no effects on the case. According to him, SEC’s special meeting was a routine weekly session.

Repeat his previous position, books,

There was no basis for the belief that the refusal of the appeal of the ripples was in yesterday’s calendar. It may take 1-2 months to the SEC enforcement voting calendar, and anyone who claims to know exactly when it will happen.

Moreover, FAGEL added that SEC has a closed meeting every Thursday with the same public agenda. However, society’s expectation of a previous decision is still high, although FAGEL expectations.

In another relevant update, FAGEL argued that Ripple has already paid $ 125 million in cash, instead of XRP. He added that this step cannot conclude the issue because the settlement depends on the appeal. This idea also supports an argument, so that there are no other reasons for delaying the XRP suit.

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NYNU V Jamal is a great journalist in Coingape. It is proud of more than 3 years of experience in writing content, with experience in Crypto and Blockchain. It has contributed to platforms such as Comeption and Cryptotale, which indicates its efficiency in the movement of dynamic encryption. In addition to its press endeavors, NYNU is a literary enthusiastic, as she worked as an assistant professor in English and literature. She is a master’s degree holder in English literature and UGC net qualifiers. Her academic background enabled her to publish research papers on literature, while caring for her creative aspect as a published poet. Its creative side extends to music, crafts and art, which she actively explores. Its unique mixture of analytical and creative skills allows it to formulate attractive stories that capture the masses. Stay up update with Nynu on LinkedIn

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