The lawyer representing Ripple in their lawsuit against the U.S. Securities and Exchange Commission (SEC) has stated that there will be no quick settlement in the case. The lawyer highlighted upcoming developments and challenges, including a discovery hearing in January 2024 where the judge will decide whether the SEC should produce documents related to its communications about Bitcoin, Ethereum, and XRP. The lawyer believes that these documents could reveal contradictory views on XRP’s status or preferential treatment towards Bitcoin and Ethereum, which would undermine the SEC’s case. The SEC’s latest move against Ripple is seen as a retaliatory measure, following setbacks for the agency in recent weeks.
AI Sentiment: Negative
