Ripple and SEC Trial Date Set for 2024
The ongoing legal battle between Ripple and the SEC will continue into the second quarter of 2024, after the Bitcoin halving. This delay raises questions about the impact on XRP’s price.
Main Breakdowns:
- A trial date is expected between April 22 and 26, 2024.
- Ripple CEO Brad Garlinghouse and chairman Chris Larsen will not be available from April 1 to 14.
- The SEC provided dates of unavailability: April 15-19, May 1-7, and May 27-31.
- The XRP community remains bullish, believing the SEC’s appeal will fail.
- Judge Torres is expected to rule in favor of Ripple regarding XRP ODL.
XRP Price Reaction
The impact of these dates on XRP’s price is uncertain. If Ripple wins and the Bitcoin halving occurs, the price could explode. However, historically, a sell-off typically follows the halving before a bull market begins. If the SEC unexpectedly wins, the price could crash.
Hot Take:
The delay in the Ripple-SEC trial prolongs the uncertainty for XRP investors. While the XRP community remains hopeful, the outcome is still uncertain. Investors should closely monitor the trial’s progress and its potential impact on XRP’s price.
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