Ripple lawyer James Filan said that a settlement should not be expected in the near future.proceedings between the company and the US Securities and Exchange Commission (SEC). Filan is confident that Ripple will not yield to the regulator.
On July 28, the XRP token issued by Ripple inwithin an hour and a half, the price went up by 16% and reached $ 0.73. This comes after Ripple announced a new money route between Japan and the Philippines that will make transferring funds between countries cheaper and faster. On July 30, XRP token is trading at $ 0.72.
July 20 lawyers who represent interestsRipple in court demanded to declare the SEC charges against the company insolvent. Ripple said the regulator's position reflects significant regulatory uncertainty around digital assets.
The financial regulator accused Ripple of selling $ 1.3 billion in unregistered securities under the guise of XRP tokens in December 2020.
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