Ripple, SEC Say Settlement Unlikely Before Trial Over Alleged Securities Violations


Tanzeel Akhtar – Feb 16, 2021 – CoinDesk

The U.S. Securities and Exchange Commission (SEC) and Ripple said Monday there’s little chance of settlement ahead of the expected trial of the blockchain payments firm over alleged securities infractions.

In a discovery letter addressed to Federal Judge Analisa Torres at the U.S. District Court for the Southern District of New York, the parties said that having previously discussed the matter, they “do not believe there is a prospect for settlement at this time.” They further noted that previous settlement discussions took place under the Trump administration and were mainly conducted with division directors who have since left the SEC.

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