- The SEC plans to disclose details of the appeal on October 16
- And yet the SEC picked a date that is very important to Ripple, namely Ripple’s Swell event.
- There is a growing expectation from the community that this may be the final milestone of the settlement
The regulatory drama between Ripple and the SEC continues, and to many, it already seems like a never-ending series, with the plot constantly evolving to new levels.
We have just seen Ripple’s landmark victory and the filing of the Ripple ETF, followed by an appeal attempt from the SEC, the details of which will be revealed to us on October 16.
Notably, this should happen neatly in time for Ripple’s Swell, a highly important event for Ripple and its strategic initiatives.
Details on SEC Appeal Disclosure
So, everyone is waiting for the details of the appeal that the SEC is going to provide on October 16.
However, some points are already known, such as the fact that after the appeal is filed, the parties will face a settlement conference at the CAMP office.
This conference encourages each party to bring attorneys and other key experts to represent their interests but also requires them to adhere to the rules of good faith cooperation, otherwise, they may be sanctioned.
However, it is worth noting that the SEC, intentionally or not, decided to connect this with a very important date for Ripple, in particular the Ripple Swell event, where the company announces key achievements and future initiatives.
This is generating a lot of reaction from the community, and for many, hope for the end of the conflict. Although some may see this as an attempt to make Ripple’s Swell, with all its achievements and initiatives, more controversial.
Conclusion
Much will be determined by the specific details that the SEC will reveal very soon, demonstrating further unacceptability or a desire to end the conflict.
However, most agree that this will be a very significant event that will determine the future vector of this story, bringing us closer to its conclusion or as it has become a classic, taking it to a new level of controversy.
