BlockBeats News, March 13th, reporter Eleanor Terrett posted on social media indicating that two exclusive sources of information suggest that the SEC and Ripple case may soon come to an end.
As for why the Ripple case has taken so long to resolve, Eleanor Terrett stated that the delay in reaching an agreement was due to Ripple's legal team negotiating more favorable terms regarding the August district court ruling, which imposed a $125 million fine on the company, including a permanent injunction preventing the company from selling XRP to institutional investors.
The point of contention is, if the new SEC leadership believes that regulatory clarity will address the root issue and wipe the enforcement slate clean for all previously targeted cryptocurrency companies, why should Ripple still be penalized? Accepting Torres's ruling would mean that Ripple is essentially agreeing to admit wrongdoing—yet now the SEC itself seems unsure if any wrongdoing occurred. For something like this, there isn't a real script to explain why this case is taking longer to resolve than others. Stay tuned.