The outcome of the lawsuit is believed by many to have far-reaching implications for the entire crypto industry., a settlement might come after a verdict from the ruling judge. Ripple CEO Brad Garlinghouse said the settlement with the SEC could only be considered if the XRP is deemed a nonsecurity., citing unnamed sources, that the Securities and Exchange Commission has commenced a probe into whether top crypto exchange Kraken broke securities rules related to certain offerings to U.S. clients.
The Securities and Exchange Commission's investigation into whether Kraken offered unregistered securities is at an advanced stage and may result in a settlement soon, it stated, quoting the unnamed source. Which tokens or offerings are under investigation was not immediately clear.