November 9: A Pivotal Day in Ripple vs. SEC Case
On November 9, all eyes are on the US Securities and Exchange Commission (SEC) lawsuit against Ripple, especially within the XRP community. The actions taken by both parties on this day could determine the next steps in the case.
Importance of November 9
Judge Anlaisa Torres set November 9 as the deadline for Ripple and the SEC to propose a briefing schedule regarding remedies following her dismissal order. If they fail to do so, the court will have to provide guidance to both parties.
The court has not received any documents related to a briefing schedule yet, leaving it uncertain whether Ripple and the SEC will meet the deadline.
No Settlement In Sight
The SEC dropped its claims against Ripple’s CEO and Co-founder, but there have been no talks between both parties since then. According to pro-XRP legal expert John Deaton, there have been no serious conversations about settlement between Ripple and the SEC.
Ripple is currently focused on expanding its business at its Ripple Swell Conference 2023 in Dubai. Deaton believes that Ripple has an advantage after securing three consecutive victories against the Commission.
Hot Take: Uncertain Future for Ripple vs. SEC
As November 9 passes without clarity on the briefing schedule, it seems that both Ripple and the SEC are moving forward without addressing their next legal steps. This leaves their long-running legal battle with an uncertain future.
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