Fox Business: "SEC-Ripple Lawsuit Nearing Final Resolution" ... XRP Rally

# Ripple and SEC Near Settlement in Long-Running Legal Dispute By Jang Dosun, New York The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple is nearing its conclusion and is expected to be resolved soon, according to Eleanor Terrett, a reporter for Fox Business. Terrett shared the update on October 12 (local time), citing two informed sources. In a post on X (formerly Twitter), Terrett indicated that the final settlement between the SEC and Ripple is imminent. She explained that the delay in reaching a final settlement is due to Ripple's legal team negotiating for more favorable terms following an August ruling by the federal district court. The court had imposed a $125 million fine on Ripple and permanently banned the sale of XRP to institutional investors. Ripple has recently questioned the validity of the sanctions imposed on it, given the SEC's evolving stance. Ripple argues that if the new SEC leadership is retracting sanctions on other cryptocurrency firms previously targeted for regulation, then Ripple should also be subjected to the same standards. For Ripple, accepting last year's ruling would effectively mean acknowledging wrongdoing, Terrett noted. However, Ripple maintains that it is difficult to accept the existing judgment, especially since the SEC itself remains uncertain whether the sale of XRP indeed violated securities laws. Terrett elaborated that the unprecedented length of this litigation is due to the lack of comparable past cases. Following Terrett's post on X, XRP experienced a rally. As of 1:39 PM New York time on October 12, XRP was trading at $2.22 on CoinMarketCap, up 6.73% from the previous day.