The US SEC vs Ripple Lawsuit will soon begin its crucial summary judgment proceeding to see where this case stands. In the meantime, John Deaton, Amicus Curiae in the lawsuit has laid out the possibility of the Watchdog striking a settlement agreement with the defendants.
Ripple lawsuit to end in a settlement?
Deaton in a Twitter Thread mentioned that he has maintained that the settlement in the Ripple Lawsuit depends on the SEC. It added that it also depends on the revelation of the Hinman speech drafts, emails, and other related documents.
He further added that rather than taking this route SEC is waiting for other events. If the commission receives a different decision than expected in the LBRY case then it can think about striking a settlement.
However, Deaton believes that there will be no settlement unless one or both of the mentioned event happens. He highlighted that he is an amicus in the Ripple lawsuit thus Deaton is in no better position to speculate on the matter.
Meanwhile, both parties have filed a joint proposal for the nearing
