Rumors about the settlement haven’t stopped spreading even though nothing was confirmed.
Rumors about Ripple’s settlement with the United States Securities and Exchange Commission (SEC) grew stronger as word spread in social media and other platforms about the legal case between the two coming to an end. Nothing was confirmed, though, even as experts started pouring their opinions on Twitter and other sites. The crypto community is abuzz with discussions regarding the development, with most of them examining the way ahead for the crypto space post any settlement.
January Walker, the former U.S. Congressional candidate who is a crypto proponent, declared a settlement to be ‘a loss for the whole world and WEB3’. She further stated in her Twitter thread, “The world follows the actions of the USA, and how the government handles one of us, sets precedence for how they handle all of us. Instead of battling against each other claiming one group is better than another we need to work together for the right legislation.”
Other experts also termed a settlement by Ripple with SEC as the worst-case scenario for the crypto industry in present circumstances. Most people discussing the same predicted the judgment for the case to arrive in the first quarter of 2023. One could say nothing with concrete evidence as the entire industry awaits to see how the case unfolds.