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HomeCrypto NewsMarketRipple Vs SEC Settlement On December 15 Is "Not True"

Ripple Vs SEC Settlement On December 15 Is “Not True”


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Cardano founder Hoskinson is again in the XRP community’s crosshairs as he shares rumors of a settlement date for the SEC vs. Ripple case.

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Input Output Global and Cardano founder Charles Hoskinson in a surprise Ask Me Anything (AMA) session on Saturday, let slip that he heard rumors of a Ripple settlement with the Securities and Exchange Commission on December 15.

“I’ve heard rumors that the Ripple case will be settled December 15,” Hoskinson said. “And we’ll just see, and that could have catastrophic implications for the industry, one way or the other.”

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However, FOX Business reporter Eleanor Terrett has debunked these claims, tweeting, “It’s not true.” In a separate tweet, the reporter clarified that sources close to the case say there is no truth to the rumor.

It is the second time in as many months that the journalist has had to debunk claims of a Ripple settlement date with the SEC. In November, the reporter refuted reports of a November 15 settlement date from FOX Business.

Pro-XRP attorney John E. Deaton has asserted that the XRP community is safer taking Terrett’s word for it.

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“Ellie’s sources would know before anyone else,” Deaton tweeted. “She says not true.”


The XRP Community Is Not Pleased With The Rumor And Hoskinson’s Part In It

Unsurprisingly, some members of the XRP community have now turned on Hoskinson. In response to Terrett, one user asserted that the IOG founder risked becoming a conspiracy theorist. 

Another user responding to a tweet from Hoskinson clarifying it was hearsay described the crypto founder as “dense” for not knowing the influence he commands in the crypto space. Notably, XRP influencers have already released several YouTube videos championing this settlement date, as highlighted by another user. Meanwhile, XRP the Standard Productions (@XRP_Productions) opted to troll the Cardano chief.

It is the second time that Hoskinson has attracted criticism from the XRP community in recent months. In October, the Cardano founder drew negative attention from the community after asserting that the narrative of a conflict of interest between William Hinman and Ethereum is a “grand conspiracy.”

Despite all of these, it bears mentioning that the IOG chief has clearly stated that XRP is not a security as the SEC claims. Deaton has also asserted that Hoskinson is not an enemy of the XRP community.

What Is The Possibility Of A Settlement?

In September, Jeremy Hogan, another pro-XRP attorney following the SEC vs Ripple case closely, asserted that a likely timeframe for settlement would end at the end of November.

In October, the lawyer streamlined this timeline to November 15, which may have influenced the FOX Business report. However, later in the same month, Hogan asserted that an out-of-court settlement now looked unlikely, saying both parties had seen “everything” from each other.

Per a tweet from the attorney in November, if the case is not settled, the court will release the controversial Hinman documents to the public in January 2023. It bears mentioning that the SEC and Ripple have made their last submissions in the case. Everyone awaits a summary judgment decision from Judge Analisa Torres and a potential subsequent trial.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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