The current legal battle between the Securities and Exchange American Commission (SEC) and Ripple Labs was one of the most discussed subjects in the cryptocurrency world. Recently, there were clues that the dry could suspend its trial against Ripple, which raises questions about the future of the case and the performance of the XRP market.
Legal experts like the former dry lawyer Marc Fagel expressed their uncertainty about the future of the dry affair against Ripple. Fagel stressed that if it is unlikely that the dry will completely drop the case, the adjustment or the break, the file could be a possible result. The court has already judged that Ripple had violated the law, and the company was penalized with a fine of $ 125 million, which means that the abolition of the case would be unlikely.
“It is difficult to predict, because this is largely unprecedented; The application of the dry is historically apolitical, and reverse the course an action in progress due to a political change is something new and establishes a terrible previous. But we are clearly heading in this direction, ”wrote Fagel.
Break from the dry and binance case
A development that could possibly affect the Ripple case is the recent joint request filed by the SEC and Binance to suspend their legal affair for 60 days. The break in a break cites the training of the new working group on the Crypto de la SEC, which aims to bring clarity to the regulatory landscape of cryptocurrencies.
The dry and the binance explained that the work of this working group could help to resolve the case, suggesting that legal proceedings can be delayed, interrupted or even abandoned. This has led to speculations according to which similar motions could be tabled in the future, possibly on a break or even by rejecting the dry file against Ripple.