According to an article, a pro-Ripple lawyer argues that the US Securities and Exchange Commission’s (SEC) efforts to seek disgorgement for XRP sales in various countries may be legally unattainable due to a Supreme Court ruling. The lawyer highlights that XRP is regarded as a non-security in many nations, making it challenging for the SEC to enforce disgorgement. The article also mentions the nature of On-Demand Liquidity (ODL) transactions involving XRP, stating that harm is practically non-existent and any accusations of harm would be directed at the SEC. The lawyer optimistically suggests that Ripple may only need to pay a minimal amount, potentially around $20 million, in disgorgement fees. The remarks have generated speculation about the final settlement amount and its implications for Ripple. Despite the legal developments, XRP has shown resilience with a 4% surge in the past 24 hours.
AI Sentiment: Negative