The SEC has stated in a letter that it hopes to meet with Ripple to discuss potential remedies regarding Ripple Labs’ violation of securities laws through its sales of XRP to institutional investors. The regulator aims to reach a favorable resolution by November 9, and if not, it will pursue a briefing with the court on a contested basis. The resolution may potentially involve a settlement that could amount to millions of dollars in addition to legal bills incurred over the years. While Ripple executives have indicated that the current win does not necessarily mean a settlement, it remains a possibility.
AI Sentiment: Neutral