Ripple v. SEC case update as of August 25, 2023
After a surge of excitement within the Ripple community, uncertainty has once again surrounded the Ripple-SEC legal battle. Both parties have communicated their trial availabilities to Judge Analisa Torres. Ripple is ready for trial at any point in the second quarter of 2024, while the SEC, along with Ripple’s CEO and Executive Chairman, have specified precise dates within the same quarter. The court documents reveal that the SEC is prepared to attend the trial throughout April, May, and June 2024, with specific periods they cannot appear in court. Ripple and the SEC have expressed their commitment to move forward with the appeal in the second quarter of 2024. However, Ripple executives have informed the judge about their unavailability from April 1 to April 14, 2024, leading to expectations of a trial commencement postponement to April 20, 2024. XRP’s price has been affected by the uncertainty, trending lower at $0.51 at press time on August 25.
Key Points:
– Ripple is ready for trial in the second quarter of 2024.
– The SEC and Ripple’s CEO and Executive Chairman have specified trial dates within the same quarter.
– The SEC is available throughout April, May, and June 2024, with specific periods of unavailability.
– Ripple and the SEC are committed to moving forward with the appeal in the second quarter of 2024.
– Expectations are that the trial will commence on April 20, 2024.
Hot Take:
The Ripple-SEC case continues to be a rollercoaster of uncertainty for the Ripple community. With both parties expressing their readiness for trial in the second quarter of 2024, it remains to be seen when the final verdict will be reached. The postponement of the trial’s commencement to April 20, 2024, adds further anticipation to the outcome. As XRP’s price is affected by the ongoing legal battle, investors will closely watch the developments in this case.
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