24/7 Cryptocurrency News

Just-In: XRP Holders And Ripple Face-Off In Court Today; What To Expect?

XRP Holders Claiming XRP to be a security and Ripple lawyers are gearing up for the vital court hearing scheduled on April 26, 2023.
Published by
Just-In: XRP Holders And Ripple Face-Off In Court Today; What To Expect?

XRP News: The crucial lawsuit between U.S. Securities and Exchange Commission and Ripple Labs is waiting for a Summary Judgment from the district court. However, another legal battle (Zakinov v. Ripple) enforced by investors claiming that XRP is a Security is ready to hit the court. It is expected that the Zakinov lawsuit can affect the US SEC Vs Ripple Case.

Also Read: Ripple Moving Out Of U.S. After Coinbase CEO Drops Hint?

Advertisement

XRP Holder Going Against Ripple?

XRP Holders Claiming XRP to be a security and Ripple lawyers are gearing up for the vital court hearing scheduled on April 26, 2023. As per the details, the court hearing is set for oral arguments around the question of certifying the class of XRP holders who sued Ripple.

It is mentioned that Bradley Sostak, a plaintiff in the case who owned an XRP token for around two weeks is asking to be the lead plaintiff in the class. Moreover, he is asking to represent all the XRP holders who either owned it and sold it at a loss or own it today. Read More XRP News Here…

John Deaton, Amicus Curiae in the Ripple Vs SEC lawsuit has also filed a motion for leave to file an amicus brief in Zakinov v. Ripple. He intends to stand for over 75K XRP holders who believe that XRP is not a security. However, his motion hasn’t been ruled on yet.

Also Read: XRP Lawyer Bids In For Coinbase Referring His XRP Case Filing

Attorney Deaton informed that the judge has opened online access to around 500 members of the public. He added that the hearing will be online unlike the LBRY Vs SEC Hearing, as the judge does not allow Amicus counsel to participate in oral argument. The lawyer stated that this is a long standing rule of the Court.

Advertisement

Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy

Solana increased in price by 5% to approximately $219 following a $2 billion Solana treasury…

October 2, 2025
  • 24/7 Cryptocurrency News

XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization

The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…

October 1, 2025
  • 24/7 Cryptocurrency News

SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown

The U.S. Securities and Exchange Commission has announced plans to streamline its operations amid the…

October 1, 2025
  • 24/7 Cryptocurrency News

Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility

Pi Network has now added two new features to its Testnet. These are a decentralized…

October 1, 2025
  • 24/7 Cryptocurrency News

October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges

U.S. private payrolls unexpectedly fell in September, raising market bets that the Federal Reserve will…

October 1, 2025
  • 24/7 Cryptocurrency News

Hashdex Adds Cardano to Crypto Index Fund as ADA Gains SEC Listing Eligibility

Asset manager Hashdex has officially included Cardano in its Nasdaq Crypto Index U.S. ETF. This…

October 1, 2025