New Insights in Ripple-SEC Legal Battle
In the ongoing Ripple-SEC legal battle, new insights have emerged that shed light on crucial aspects that won’t be part of the trial. Here are the key developments:
- A pretrial scheduling order has been issued by Judge Torres.
- A jury trial is anticipated for the second quarter of 2024.
- Submission of blackout dates for the trial by August 23, 2023.
- Presentation of motions and oppositions by December 4 and 18.
- Parties are expected to deliver necessary pretrial filings and exhibits by December 4.
What Won’t Be Part of the Trial
Attorney John E. Deaton highlights three key exclusions from the Ripple-SEC trial:
- Ripple’s overall existence won’t be examined.
- The previous ruling designating XRP as non-security won’t be revisited.
- The trial will focus solely on specific factual disputes, not matters of law.
Contentious Issues and SEC’s Actions
The remaining contentious issues involve allegations against Ripple executives Chris Larsen and Brad Garlinghouse. The SEC’s request for an interlocutory appeal and a stay of proceedings during the appeal process has added complexity to the case.
Lawyer Jeremy Hogan notes that the appeal doesn’t center around XRP’s classification as a security, but rather programmatic and individual sales issues.
Complexity and Evolution of the Ripple Lawsuit
These new insights highlight the complexity and evolving nature of the Ripple-SEC lawsuit. As the trial approaches, the crypto community eagerly awaits further developments.
Hot Take
The Ripple-SEC legal battle continues to be a source of intrigue and speculation in the crypto world. With new insights into what won’t be part of the trial, it becomes clear that the focus will be on specific factual disputes rather than broader legal questions. The SEC’s actions and the involvement of Ripple executives add further layers to this complex case. As the trial date approaches, the outcome will undoubtedly have significant implications for Ripple and the wider cryptocurrency industry.
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