Ripple vs. SEC Legal Battle Nears Trial Phase with Important Filing
The legal battle between Ripple and the US Securities and Exchange Commission (SEC) is reaching its climax as the trial is scheduled to begin on April 23. However, before that, both parties must fulfill certain court requirements.
Recently, the SEC filed an opening remedies-related brief and supporting documents under seal. The details of the filing are not yet public, but a redacted version will be available by March 26.
SEC Granted Deadline Extension for Remedies Brief
Initially, the SEC was required to file its brief regarding remedies by March 13. However, the deadline was extended, and now Ripple’s opposition letter is expected no later than April 22, according to the magistrates’ latest ruling.
Collaborative Effort: Ripple and SEC File Joint Letter
In a surprising turn of events, Ripple and the SEC recently collaborated on a joint letter. The purpose of this letter was to seek approval from the authorities regarding sealing issues related to the upcoming remedies-related briefing.
“We propose a schedule for redactions soon after the reply briefs are filed, so that all sealing issues can be raised to the Court in one set of letter-briefs instead of piecemeal, and to allow sufficient time for the parties to meet and confer,” the document reads.
Potential Impact on XRP Price
The outcome of the Ripple vs. SEC case could have significant implications for XRP’s price. If Ripple emerges victorious, it could potentially lead to a price rally for XRP. Investors who are interested in additional signs indicating a potential surge in XRP’s value this year can watch our dedicated video below:
Hot Take: Ripple vs. SEC Trial Approaches
The legal battle between Ripple and the SEC is intensifying as the trial date draws near. Both parties have been actively fulfilling court requirements, with the SEC filing an important letter and Ripple collaborating with the regulator on sealing issues.
The outcome of this case could have a profound impact not only on Ripple but also on the broader cryptocurrency industry. As the trial commences, all eyes will be on the courtroom, waiting to see how this landmark case unfolds.
By
By
By
By
By