The Ripple vs SEC legal battle continues to keep XRP investors on the edge of their seats. Despite expectations of a verdict by the end of April, Judge Torres of the District Court in the Southern District of New York has yet to issue a ruling.
However, a rumor has now surfaced on Twitter that Ripple and the SEC are holding an undisclosed meeting on May 8, which some speculate could be about a potential settlement.
While this is an unconfirmed rumor from an anonymous source and should be taken with a grain of salt, XRP community attorney John E.
Deaton believes that the speculation is unlikely to be true. Deaton thinks that the SEC and Ripple could meet at any time, and a settlement would only happen after a ruling by Judge Torres and only if Ripple wins a big victory.
Deaton also believes that Ripple CEO Brad Garlinghouse would be happy to sign a settlement check if the SEC classifies all future sales of XRP as non-securities and does not appeal. But a settlement would only be necessary if Judge Torres does not already provide for it in her ruling.