Ripple Labs’ legal battle with the US Securities and Exchange Commission (SEC) is still ongoing. According to Twitter, Ripple and the SEC will hold an unreported meeting on May 8. XRP community attorney John E. Deaton, on the other hand, would “bet” that the rumour is incorrect and that lawyers from the SEC and Ripple can meet whenever they want. According to John Deaton, a settlement between Ripple and the SEC would be reached only after a judgement by Judge Torres and only if Ripple wins a significant victory. He believes the SEC would not arrange a meeting owing to the allegation of market manipulation and the potential of a leak.
Ripple may be concerned about the regulatory safety of its partners, and Ripple CEO Brad Garlinghouse is willing to sign a settlement cheque if the SEC classifies all future XRP sales as non-securities and does not appeal. At the time of publication, the XRP price has not yet reacted to the rumor.
