Ripple CFO Predicts SEC Lawsuit Settlement
If you’ve been following the Ripple vs SEC lawsuit, you have likely been waiting for news on its conclusion. Ripple CFO David Schwartz recently forecasted that this case could be settled this year, bringing hope to many XRP enthusiasts.
SEC vs Ripple: The Future
The SEC vs. Ripple case is currently in its remedies stage, with the last motion for remedies due by April 29, 2024. Once the motion is filed, the judge will decide on appropriate penalties for Ripple’s securities law violations. It is predicted that Judge Analise Torres will hand down the remedies ruling by summer 2024.
Ripple Ordered to Submit Financial Statements
Last July, Judge Analisa Torres ordered Ripple Labs to provide financial statements and information related to the institutional sale of its XRP tokens. This move came after a lawsuit accused the crypto firm of illegally selling unregistered securities nationwide.
The Verdict
While there are multiple factors at play in the Ripple vs SEC case, the ultimate conclusion will depend on the judge’s decision. While Ripple has seen victories in the case, the final decision remains in the hands of the court.
Hot Take
It seems that there may be a glimmer of hope for a resolution in the Ripple vs. SEC lawsuit, giving the XRP community reason to remain optimistic about the outcome.
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