- The courtroom has ordered the SEC to file key briefs within the Ripple lawsuit by January 15, 2025.
- A pre-trial convention is scheduled for December 19, and the trial will start on January 21, 2025.
- The XRP group stays optimistic concerning the potential affect of Trump's victory on this case.
The continuing Ripple vs. SEC litigation has taken a brand new flip after the courtroom accepted the U.S. Securities and Change Fee's (SEC) request for an extension of the lead briefing deadline. On October 31, 2024, the U.S. Court docket of Appeals for the Second Circuit granted the SEC's request and ordered the regulators to file briefs by January 15, 2025.
On October 24, the SEC requested the courtroom to increase the primary temporary in its ongoing appellate case in opposition to Ripple till January 15, 2025. This improvement stems from the SEC's discover that it’ll attraction the courtroom's last ruling declaring that XRP tokens aren’t securities. After the attraction, main trade figures like lawyer Fred Rispoli recommended the SEC would possibly attempt to lengthen the quick deadline. They even predicted that the Ripple and SEC lawsuit will not be resolved till 2026.
Vital dates and developments within the Ripple lawsuit
Decide Phyllis J. Hamilton of america District Court docket for the Northern District of California advisable that Ripple Labs, CEO Brad Garlinghouse, and associated events think about dropping their particular person claims at the moment. This feature permits you to resubmit class motion claims at a later time after the attraction of these claims has been closed.
Additionally learn: Ripple CTO slams decide’s order in Kelly Hyman lawsuit
The events have till November 4, 2024 to resolve on this various decision. They’ve till November 4 to submit their responses whatever the determination. The courtroom has additionally scheduled extra dates for the case, together with a pre-trial convention on December 19 and a trial beginning on January 21, 2025.
The November elections might have a major affect on the event of the cryptocurrency discipline. The group believes pro-crypto presidential candidate Donald Trump will win the election, aided by improved odds within the polymarket. President Trump has promised to restructure the SEC, and the XRP group hopes this may result in a optimistic final result within the Ripple lawsuit.
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