Predicted Main Updates Coming in the Ripple v SEC Lawsuit This 7 days: Summary

Rapid Summary

  • You should not miss out on out on the upcoming lawful showdown concerning Ripple and the US SEC about alleged XRP revenue, scheduled for April 23.
  • Dispelling rumors of an early settlement, Ripple’s Chief Legal Officer assures that the demo will go on as planned.

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What to Expect Next?

Get ready for the final showdown between Ripple and the US Securities and Exchange Commission (SEC) after a lengthy three-year battle.
It all began in December 2020 when the SEC accused Ripple of unlawfully selling XRP without proper registration. Ripple has been contesting these claims, asserting that XRP is not a security under SEC purview.
The climax will be the grand trial scheduled for April 23, where a federal judge will have the last word. With three legal victories in their favor last year, Ripple seems to have an edge.
This week, Ripple is expected to respond to the SEC’s penalty request by April 22, with the SEC’s reply due by May 6.
Ripple’s Chief Legal Officer dismissed speculation of an early settlement at the final pretrial conference, emphasizing the SEC’s dropped charges against Brad Garlinghouse and Chris Larsen.

The Ripple Effect on XRP

If Ripple emerges triumphant, XRP’s price could soar as seen after each previous legal win. On the flip side, a negative outcome may stifle industry progress and lead to stricter regulations.
For more insights into the lawsuit’s impact on XRP, watch our dedicated video below:

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