Judge orders Ripple and SEC to schedule possible settlement conference
Judge Sarah Netburn has order ed Ripple Labs and the United States Securities and Exchange Commission (SEC) to agree on three mutually convenient dates for a potential settlement conference days after she ruled that XRP is not a security. This order pertains to Judge Torres’s recent decision on the cross-motion for summary judgment. However, it is essential to clarify that the judge is simply suggesting a settlement conference if both Ripple and the SEC believe it would be productive at this time. You might also like: Lawyer: SEC has to appeal after ruling on XRP Judge Netburn’s order does not guarantee a settlement within the next 6-8 weeks. Instead, if the parties agree on a date, it must be scheduled well in advance due to the court’s calendar. To be clear: Judge Netburn is suggesting that both sides agree on some possible dates for a settlement meeting, *IF* "they believe it to be productive at this time." This doesn't mean we'll ...