Anticipating 2024: Potential Outcomes of Ripple’s Legal Battle with the SEC

Cino Gaperi

Anticipating 2024: Potential Outcomes of Ripple's Legal Battle with the SEC

Dec 18, 2023 3:04 AM

Crypto, Crypto Market, Crypto Partnerships & Collaborations, Crypto Predictions, Crypto Regulations, Crypto Security, XRP

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

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The Ripple-SEC dispute will pave the way for further clarity and stability in the crypto space, setting a precedent for future regulation.

Cino Gaperi

Author – Contributor at Lolacoin.org | Website

Cino Gaperi stands out as a prominent crypto analyst, accomplished researcher, and adept editor, making significant contributions to the field of cryptocurrency. With a strong background in crypto analysis and research, Cino’s insights delve deep into the intricate aspects of digital assets, appealing to a diverse audience. His keen analytical skills are complemented by his editorial proficiency, allowing him to distill complex crypto information into easily digestible content. Cino’s contributions serve as a valuable compass for both seasoned enthusiasts and newcomers, guiding them through the dynamic landscape of cryptocurrencies with well-researched perspectives. With a commitment to precision, he empowers informed decision-making within the ever-evolving crypto sphere.