The U.S. Securities and Exchange Commission (SEC) has filed an appeal challenging Judge Torres’s ruling from July 2023, which favored Ripple by clarifying that XRP does not classify as a security for programmatic sales.&nbsp; 
The appeal is now with the U.S. Court of Appeals, leading to fresh speculation about the possibility of a settlement between Ripple and the SEC during the 14-day appeal window. 
An XRP enthusiast shared on social media platform X that the SEC might be pushing for a higher penalty than the original $125 million. However, former SEC lawyer Marc Fagel <a href="https://x.com/Belisarius2020/status/1842758308396163571" target="_blank" rel="noreferrer noopener nofollow">dismissed</a> this notion, stating that the appeal isn’t about the penalty. 
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 Source: <a href="https://x.com/jack_rippla/status/1842949117112385595?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1842949117112385595%7Ctwgr%5E7a2dfae4c52a254d7e215b6921f7281231bc13ec%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoinpedia.org%2Fnews%2Fripple-news-will-the-sec-and-ripple-settle-during-the-14-day-appeal-period%2F" target="_blank" rel="noreferrer noopener nofollow">Twitter</a>
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He emphasized that there’s no realistic basis for a settlement, pointing out that the SEC had pursued an interlocutory appeal a year ago regarding programmatic sales, showing their consistency on the issue. 
Attorney Bill Morgan provided additional clarity, stating that the SEC has only filed a notice of appeal, not a formal one yet. This leaves room for potential negotiations between the SEC and Ripple. Morgan noted that while settlement is technically possible within the 14-day window, the ideological gap between the two parties makes it unlikely.&nbsp; 
There is also speculation that Ripple may file a cross-appeal, possibly challenging the court’s ruling on institutional sales. Both parties have significant issues at stake, but whether a settlement can be reached remains uncertain. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/10/03/ripple-ceo-garlinghouse-to-fight-sec-appeal-over-xrp-ruling/" target="_blank" rel="noreferrer noopener">Ripple CEO Garlinghouse to Fight SEC Appeal Over XRP Ruling</a> 
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Will Ripple and SEC Reach Settlement in 14 Days?

The Crypto Times

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