In the last chapter of the ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC), Ripple has submitted a new letter supporting a joint request for a indicative of the court.
This means that Ripple and the dry ask the judge to give a signal that he can move forward with a regulation while keeping the decision of the tribunal of origin in place. Ripple clearly indicated that they did not ask the court to modify the previous judgment.
In the letter, Ripple said that even if the court deletes the specific order forcing them to “obey the law”, the company will always follow all the securities laws like any other company. The abolition of the Order would not apologize Ripple from its legal responsibilities, the same rules would continue to apply to them and to all the others on the market.
However, a former SEC lawyer said that the new letter really adds anything new to what has already been submitted. According to Marc Fagel, it looks more like a response to certain skeptical voices of the cryptographic community on social networks.
Meanwhile, the XRP price took a blow in the middle of the current legal drama. After reaching a daily top of $ 2.31, the token has dropped by more than 7% and is now negotiated at around $ 2.15. Since May 29, XRP has faced five unsuccessful attempts to unravel the resistance area from $ 2.27 to $ 2.30, the last rejection taking place on June 16.
Investors and the cryptographic community are now waiting to see if the court will respond to the joint request and if a settlement could finally end this year.
