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Sujit Kumar
Oct 15, 2024
by Sujit Kumar

Ripple vs. SEC: Legal Battle Nears Critical Turning Point

Ripple vs. SEC

Table of contents

  1. Will the SEC Withdraw Its Appeal?
The XRP community is buzzing with anticipation as Ripple’s long-standing legal conflict with the U.S. Securities and Exchange Commission (SEC) approaches a pivotal moment. A recent post by Ashley Prosper on X provided insights into the next steps in the appeal process, sparking excitement within the community. With Ripple’s annual Swell event aligning with key legal deadlines, there is growing speculation that a resolution could be near.

Ripple and SEC: Settlement Conference Scheduled

Ashley Prosper’s update revealed that the SEC’s appeal has been officially docketed, and the case is now referred to the CAMP office for a settlement conference. During this process, both Ripple and the SEC must be fully prepared to discuss all legal, factual, and procedural issues. Importantly, both sides are required to engage in good faith, with the possibility of court sanctions for non-compliance. This upcoming conference has heightened hopes that a settlement may be reached soon.

Key Deadlines and Ripple's Swell Event

XRP community member Mickyd_XRP pointed out that the SEC’s deadline to reveal its appeal details is set for October 16th, coinciding with the conclusion of Ripple’s Swell event. This timing has fueled speculation that Ripple CEO Brad Garlinghouse may have a major announcement, potentially signaling a breakthrough in the legal case.

Will the SEC Withdraw Its Appeal?

As the deadline looms, the possibility of the SEC withdrawing its appeal is gaining traction within the XRP community. Ripple’s favorable position in recent court rulings has led to whispers that the SEC may back down. While no official word has been given, many are hopeful that a resolution to the case could be imminent.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Ripple vs SEC
Ripple vs. SEC: Legal Battle Nears Critical Turning Point
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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