Court Moves for Faster Resolution
Ripple Labs recently clinched a significant victory in its ongoing XRP lawsuit. A U.S. court has approved a motion to expedite the issuance of a final judgment, marking a pivotal development in a case that has been a substantial overhang for Ripple and its native token, XRP, for years. This decision is the latest in a series of legal maneuvers aimed at bringing the protracted litigation to a close.
The recent court ruling revises an earlier decision, setting the stage for a swifter resolution. According to the court filings, both Ripple and the plaintiffs have mutually agreed that there is no reason to postpone the judgment as most class claims have already been settled. This decision also grants Ripple’s request for an amended judgment, which seeks to clarify any ambiguities regarding the case’s conclusion. However, it is important to note that one claim for relief against Ripple remains pending until the appeals process is finalized. Within 30 days after the resolution of these appeals, both parties are anticipated to file a motion to lift the stay. This development is accompanied by Ripple’s submission of comprehensive litigation cost records, underscoring the extensive efforts invested in its defense.
Ripple Vs SEC Lawsuit Timeline
This recent legal triumph follows Ripple’s earlier achievements in its ongoing battle with the SEC, which has continued to influence regulatory discussions in the United States. Renowned Pro-XRP attorney Jeremy Hogan has speculated that the resolution of the SEC case could occur by mid-2025, particularly if there are changes in leadership at the SEC. Ripple’s leadership remains optimistic, viewing these legal victories as a solid foundation for future expansion. The expedited judgment in the XRP lawsuit not only highlights Ripple’s advancements but also has the potential to impact other cryptocurrency-related cases.
As the Ripple vs SEC drama unfolds, many are wondering what’s next for XRP—read XRP price prediction to see where the token could be heading next.
Ripple’s XRP Seeing Surge
In a recent market development, XRP experienced a significant surge, reaching a three-year high of $1.63 following news that SEC Chair Gary Gensler plans to step down on January 20, coinciding with President-elect Donald Trump’s anticipated commencement of his second term. Despite a subsequent price adjustment to $1.46, XRP has achieved an impressive 30% gain over the past week. Market analysts maintain a bullish outlook, with some projecting that XRP could reclaim its previous all-time high of $3.38 before the year’s end.
FAQs
How does the Ripple vs SEC lawsuit affect XRP’s price?
Ripple’s legal victories have exerted a positive influence on XRP’s price, resulting in a 30% gain within a week and reaching a three-year peak.
When is the Ripple vs SEC lawsuit expected to conclude?
Pro-XRP lawyer Jeremy Hogan predicts that the lawsuit could conclude by mid-2025, contingent upon potential leadership changes at the SEC.
How will the SEC leadership change impact the Ripple case?
The anticipated departure of SEC Chair Gary Gensler in January 2025 could affect the trajectory of the Ripple lawsuit and market sentiment.
