Ripple’s New Prediction On End Date Of SEC Lawsuit
XRP News: The global crypto industry is waiting for the crucial verdict in a legal tussle between U.S. Securities and Exchange Commission (SEC) and Ripple Labs. It is expected that a summary judgment in the XRP lawsuit will lead the market toward regulatory clarity. However, Ripple in its Q1 published report mentioned the expected end date of the US SEC and Ripple Lawsuit.
Also Read: Ripple To Face Trouble From XRP Holders in Court? Attorney Suggests This
Verdict in Ripple Case To Come Out Soon?
As per Ripple’s Q1 report, the court issued 57 page opinion leading to a summary judgment in the US SEC Vs Ripple’s case. It mentioned which expert opinion will make it to the case endings. However, a Trial is expected in the case.
Ripple highlighted that a US SEC’s expert testimony based on the “reasonable expectation of an XRP purchaser was set aside by the Court. However, the commission’s expert advice in attempting to determine what caused the price of XRP to change was denied by the court. Read More XRP News Here…
It is important to note that Ripple Labs and other defendants are expecting a decision on the summary Judgment to come out by the end of 2023. However, Brad Garlinghouse, CEO of Ripple earlier stated that he is optimistic of getting a ruling in the first half of this year.
Also Read: Bitcoin Poised To Hit $1 Million; Arthur Hayes Drops This Signal
- Indian Court Declares XRP as Property in WazirX Hack Case
- Ethereum Supercycle Strengthens as SharpLink Gaming Withdraws $78.3M in ETH
- Trump Tariffs: Secretary Bessent Declares ‘Fantastic’ Trump–Xi Talks, Bitcoin Breaks $113,000
- Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?
- White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?