XRP Community Buzzes About Possible SEC-Ripple Settlement

Yesterday, a prominent XRP community member named “XRP Captain” spread a rumor regarding resolving the ongoing legal dispute between the SEC and Ripple.

The tweet implies that the SEC and Ripple will settle seven days before the blockchain company’s Proper Party.

Ripple is organizing the impending Proper Party to commemorate the company’s partial victory against the SEC.

As previously reported, the event is scheduled for New York on September 29, 2023.

Since “XRP Captain” speculates that a settlement would happen a week before the victory party, any prospective agreement could have been reached on September 22.

However, no official announcement regarding a settlement has been made.

As expected, members of the XRP community responded to the new settlement rumor by using the X platform.

An XRP enthusiast with the X handle @zayatos said he would throw a house celebration if the rumor became true.

The majority of XRP community members, however, debunked the story as false. Since the filing of the SEC v. Ripple lawsuit, rumors of a settlement have circulated.

Nevertheless, none of these allegations proved accurate, as the legal battle continues.

JackTheRippler, a prominent XRP community member, tweeted last month that Ripple would declare a full settlement with the SEC during the victory party.

However, pro-XRP attorney John Deaton debunked the rumor, stating that no settlement would be announced at the gathering.

Recall that after the court issued its highly anticipated summary judgment in the case, it ordered the parties to designate three possible dates for a settlement conference.

The participants have not yet adhered to the directive. The SEC is currently concentrating on appealing the court’s decision concerning Ripple’s programmatic sales of XRP and other distributions.

In contrast, Ripple is preoccupied with the impending trial of two of its executives, Brad Garlinghouse and Chris Larsen.

It remains to be seen whether the parties will comply with the court’s order and select three settlement dates.