XRP Trial Date Revealed Amid Ripple-SEC Battle

• The trial date for Ripple’s legal battle with the SEC over XRP set for Q2 2024.
• Both parties indicate intent to move forward with the appeal in the same quarter.

In a buzzing update straight from the digital finance world, Eleanor Terrett, Fox Business’ esteemed correspondent, shared a tweet that has the crypto community at the edge of their seats. Citing a document handed over by the @SECGov to Judge Torres, Terrett announced:

🚨NEW: The @SECGov has provided Judge Torres with dates they are available and unavailable for trial in the second quarter of 2024. 👇🏼 pic.twitter.com/44ipW54QpF

— Eleanor Terrett (@EleanorTerrett) August 23, 2023

Details from the SEC Document

Eleanor Terrett’s tweet was based on an important document from the SEC, indicating their availability for the looming trial with Ripple in 2024. Pinpointing specific dates, the SEC has marked itself available throughout April, May, and June of 2024. However, some blackout dates have been noted, such as April 15-19, May 1-7, and May 27-31.

Anticipation Builds: Ripple vs. SEC

Prior to this, both Ripple and the SEC echoed their firm decision to move forward with the appeal, targeting the second quarter of 2024. This commitment was evident in separate communications both parties sent to Judge Torres. Adding fuel to the anticipation, Ripple CEO Brad Garlinghouse’s legal team, along with cofounder Chris Larsen’s representatives, alerted the court about their unavailability from April 1 to April 14, 2024. With these dates in mind, speculations are rife that the trial could commence by April 20, 2024.

Recent Developments in the Case

As the crypto and legal community closely watch this case, it’s worth noting a recent twist. The SEC, not long ago, sought to appeal the July 2023 judgment against Ripple, suggesting that this verdict might significantly impact other ongoing cases. Ripple isn’t staying silent, though. They’re gearing up to deliver their official response to this motion by the start of September.

Best Crypto Exchange for Everyone:

• Invest in Ripple (XRP) and 70+ cryptocurrencies and 3,000 other assets.
• 0% commission on stocks – buy in bulk or just a fraction from as little as $10.
• Copy top-performing traders in real time, automatically.
• Regulated by financial authorities including FAC and FINRA.

2.8 Million Users

Get Started

 

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.