Former SEC lawyer Marc Fagel has commented on the speculation surrounding a possible settlement between Ripple and the U.S. SEC. He clarified that both parties are not seeking a settlement and are awaiting the district court’s decision in the remedies phase of the case.
The closed-door meetings, often held by the SEC, have fueled rumors, but Fagel firmly denied any settlement discussions. The meeting is believed to be about resolving injunction claims or a settlement, especially in light of recent developments in the Binance lawsuit.
Meanwhile, XRP’s price is showing positive signs. The Relative Strength Index (RSI) is about to break a 6.5-year downtrend, signaling a potential bullish cross. This has caused excitement among XRP holders and analysts, with XRP’s price rallying 27% in a week and trading volume up by 66% in the last 24 hours.
The strategic importance of the Ripple vs. SEC case extends beyond immediate financial impacts, potentially influencing the broader regulatory landscape for cryptocurrencies.
