Rumors of Ripple’s SEC settlement heat up as Fox Business reporter shares scoop

In a tweet, FOX Business reporter Eleanor Terrett suggested that the U.S. Securities and Exchange Commission (SEC) may soon make a major announcement.

“My SECGov sources asked me to prepare for a potentially big announcement tomorrow. Does this have anything to do with the settlement with Kraken after the 2pm caucus? Can the terms of the settlement make a splash in the industry? Let’s see,” Terret wrote.

“Could this be a Ripple deal?” asked one XRP enthusiast, Yassin Mobarak.

Cryptocurrency-related Twitter account WhaleChart tweeted: “Leak: SEC to make big announcement today. Ripple settlement or Kraken?”

The SEC is scheduled to hold a closed meeting on February 9 at 2 p.m. ET.

Ripple is fighting a lawsuit with the SEC over the agency’s claim that the $1.3 billion XRP sale constituted an unregistered securities offering.

It is widely believed that the outcome of the lawsuit has far-reaching implications for the entire crypto industry.

In order not to miss the news, we sincerely invite you to pay attention to our Telegram:

According to CryptoLaw founder John E. Deaton (John E. Deaton), the settlement can be reached after the ruling of the presiding judge.

Ripple CEO Brad Garlinghouse stated that a settlement with the US Securities and Exchange Commission can only be considered if it is determined that XRP is not a security.

Earlier this morning, Bitcoin Magazine reported that the U.S. Securities and Exchange Commission had begun investigating whether top cryptocurrency exchange Kraken violated securities rules regarding the provision of certain services to customers. American or not.

The U.S. Securities and Exchange Commission’s investigation into whether Kraken offered unregistered securities is in an advanced stage, and an early settlement may be reached.

XRP has rallied around 4% following rumors of Ripple’s settlement with the SEC. At press time, the price has partially retraced, but is still up 1.6% on the day, trading at $0.4.

Source: TradingView

Bitrue Suspends XRP Deposits and Withdrawals

According to Singapore-based cryptocurrency exchange Bitrue, the XRP wallet will be undergoing standard maintenance; therefore, XRP deposits and withdrawals will be suspended.

However, during the maintenance period, XRP trading pair transactions will not be affected. That doesn’t matter because, according to Bitrue, withdrawals and deposits will be available after the maintenance, although there will be no prior notice.

  • SEC Admits LBRY Classifies LBC as Non-Security – Next Ripple?
  • Ripple CEO: The lawsuit with the SEC will end in June this year

board take

according to AZCoin News

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