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Ripple has no plans to settle with SEC over a lawsuit on XRP

According to Charles Gasparino, Senior Correspondent at FOX Business Network (FBN), Ripple doesn’t plan to settle with the SEC.

No settlement plans between Ripple and SEC

As Gasparino shared, Ripple’s legal team told him that Ripple has no plans to settle the case because they are confident they will win the claim based on their “fair notice” defense.

However, Ripple attempted to settle with the SEC to no avail, according to a series of tweets posted by Garlinghouse in early January.

ripple-has-no-plans-to-settle-with-sec-over-a-lawsuit-on-xrp[1]

Source: Brad Garlinghouse 

As you have seen, when asked why he didn’t settle with the SEC, he said they couldn’t get into specifics but still tried – and will continue to try w/ the new administration – to resolve this in a way compared to the XRP community can continue innovating, consumers are protected, and orderly markets are preserved.

And when Gary Gensler took over as chairman of the SEC, Ripple thought that someone like him with a high understanding of crypto and blockchain would have a more objective view of the lawsuit. However, Gensler adopted an even more hawkish stance towards the industry, zeroing in on decentralized finance and stablecoins.

With the most significant public holder of XRP under investigation by the SEC, institutional investors haven’t made any significant investments in the altcoin since December 2020.

ripple-has-no-plans-to-settle-with-sec-over-a-lawsuit-on-xrp[2]

Active XRP wallet addresses in the last three months | Source: Coinmetrics

However, it is interesting to note that the number of active XRP wallet addresses has increased by over 200% in the past three months. Despite the recent delisting on several spot exchanges, small traders are using XRP, which has a positive long-term effect on the XRP price.

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