NewsletterXRP Lawsuit: Ripple Vs US SEC Trial No Earlier Than This Date, XRP Price Rebounds
XRP Lawsuit: Defendants Ripple Labs, Brad Garlinghouse, and Chris Larsen as well as the plaintiff U.S. Securities and Exchange Commission have informed the court about their unavailability for trial in the second quarter of 2024. As per dates of unavailability of Ripple executives and US SEC in April, the trial will likely happen after the Bitcoin halving.
Ripple Vs SEC Lawsuit Trial No Earlier Than May
Counsel for defendant Ripple Labs notified Judge Analisa Torres that Ripple has no blackout dates and is available for trial throughout the second quarter of 2024, according to a letter dated August 23.
Meanwhile, the U.S. SEC has submitted their blackout dates for trial in response to the pre-trial scheduling order. The SEC marks their presence throughout the second quarter of 2024, except April 15-19, May 1-7, and May 27-31.
Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen have informed Judge Analisa Torres about their unavailability for trial from April 1 to April 14, 2024. Interestingly, Ripple executives have announced dates that coincide with Bitcoin halving.
Therefore, the trial is likely to happen between April 22-26 or else April end. The SEC will be unavailable mostly in May, with a mid-May order likely from Judge Torres. XRP community believes the interlocutory appeal motion by the US SEC will fail to bring XRP price lower as the SEC loses grip on the crypto market. Also, Judge Torres will rule XRP ODL sales in Ripple’s favor as it is not a security.
Read More: US SEC’s Attorney Pascale Guerrier Withdraws From Lawsuit
XRP Price Rebounds
With the XRP Army and lawyers bullish on Judge Torres ruling in favor of Ripple in the SEC lawsuit. Also, the trial and SEC’s appeal almost a year away, XRP price rebounded from negative sentiment.
XRP price currently jumped 3% in the last 24 hours, with the price currently trading at $0.53. The 24-hour low and high are $0.516 and $0.534. However, the trading volume has decreased by 17% in the past 24 hours.
XRP price is trading below 50-MA and 100-MA. Price needs to break above $0.56 in order to have some upside momentum.
Also Read: Terra Luna Classic Validator To Fund USTC Repeg Team As Community Rejects Proposal
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Mt Gox Moving $950M in Bitcoin Sparks Panic of Crash to $56K Realized Price
- XRP Supply in Profit Hits Lowest Level Since Nov 2024 Despite Price Gains: Glassnode
- Crypto Market Crash Deepens as $1 Billion in Bitcoin, ETH, XRP, Altcoins Liquidated
- Bitcoin Price Crash to $89K, Last Chance to Buy Under $90K, Says Gemini Co-Founder
- XRP Gets Major Boost as Four Spot ETFs Prepare for Launch This Week
- Will MOODENG Reach $0.1 and MEW Hit $0.002 After Robinhood Listing?
- What’s Next for Cardano Price After Breaking Below Key Support Level?
- Pi Coin Price Could Jump 30%, But There’s a Catch
- Expert Sees XRP Price Rally if it Holds Key Support Ahead of Ripple ETF Launch
- Chainlink Price Eyes Breakout as Whales Scoop 150K $LINK
- Top Analysts Predict How Low Bitcoin Price Might Fall?
