Pro-XRP Lawyer Debunks Ripple-SEC Settlement Rumor For Tomorrow
Summary
Ripple-SEC settlement rumors for a closed meeting on July 18 have been debunked by former SEC regional director Marc Fagel. The meeting's agenda includes topics that could theoretically encompass a settlement with Ripple, but there is no direct evidence to suggest this. Another pro-XRP lawyer outlines a potential future date, July 31, for a possible resolution, but notes that a "pre-judgment settlement is unlikely." The SEC is pursuing a penalty of $102.6 million against Ripple, while Ripple has suggested capping the penalty at $10 million. XRP's price has surged from $0.38 to over $0.61 in the past 12 days, marking a 61% increase, potentially influenced by settlement rumors.
