- Cardano’s founder opposes the idea of a settlement between Ripple and SEC.
- Pundits argued Ripple might be compelled to burn $20 billion worth of XRP in its escrow.
- Speculation rises on a potential Ripple-SEC settlement as crucial case hearing dates approach.
Speculations about a potential settlement in the drawn-out legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) are rapidly gaining momentum as crucial dates for the case hearing loom. Of particular note, February 12 marks the commencement of a comprehensive examination of the remedies briefing in the SEC vs. Ripple case.
With this date being two weeks away, some crypto community members speculate that a settlement term may require Ripple to incinerate the over 40 billion XRP tokens held in escrow. Considering XRP’s market value of $0.51, that amounts to setting over $20 billion on fire.
Notably, this speculation draws parallels from the SEC vs. LBRY legal dispute. In the case, the SEC pursued a court order to prohibit LBRY from engaging in crypto offerings until it disposed of all its LBRY Credits (LBC) tokens.
However, online commentators have contested the plausi…
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