The possibility of a settlement between Ripple and the SEC within the next 14 days has arisen following the SEC's notice of appeal on October 2, 2024. This appeal challenges Judge Analisa Torres's decision which declared that XRP is not considered a security when sold on public exchanges.
This significant development has led to increased speculation about the future of the Ripple lawsuit. The closed-door meeting of the SEC further fuels anticipation of how the situation might unfold, affecting both parties involved.
The outcome of this legal battle could have wider implications for the cryptocurrency industry, particularly in terms of how crypto assets are classified under regulatory frameworks by bodies such as the SEC.
