Judge Netburn has issued an injunction in the Southern District of New York, requiring Ripple and the SEC to agree on suitable dates for potential meetings. This development indicates a possible settlement between the two parties. The injunction includes a clause suggesting a settlement meeting if both parties find it beneficial, but due to the court’s schedule, any discussions must be scheduled in advance. Ripple CEO Brad Garlinghouse has expressed concerns about a potential SEC appeal, which could prolong the case. The complexities surrounding institutional sales of XRP add uncertainty to the outcome of the legal battle.
AI Sentiment: Positive