XRP Lawsuit 2024: Ripple Vs SEC Key Dates and Predictions
In 2023, Ripple resolved the ongoing legal battle against the U.S. SEC, the July 13 ruling where XRP was not deemed a security marked a turning point for the cryptocurrency market.
In October 19, 2023, Brad Garlinghouse and Chris Larsen were cleared of all charges by the SEC. This dismissal led to a permanent closure of these allegations, a rare instance of regulatory withdrawal in the crypto space.
The Timeline of the Remedies Stage
As we enter 2024, the lawsuit will enter the remedies phase, and the dates to watch are:
- February 12, 2024 – End of Remedies-Related Discovery
- March 13, 2024 – Plaintiff’s Brief on Remedies
- April 12, 2024 – Ripple’s Opposition Filing
- April 29, 2024 – SEC’s Reply (if any)
Outcomes and Predictions
Stuart Alderoty, Ripple’s Chief Legal Officer, predicted further success in 2024, reflecting the sentiment in the crypto community about the declining enforcement of regulation. These crucial dates will shape the future of cryptocurrency regulation, with the hope of clearer frameworks and stability in the crypto space. In conclusion, the Ripple v. SEC case serves as a landmark for the future of digital assets and their interaction with regulatory bodies.
Hot Take
The Ripple-SEC dispute will pave the way for further clarity and stability in the crypto space, setting a precedent for future regulation.
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