šØš„ BREAKING NEWS: U.S. Court Sets High-Stakes Ripple Class Action for Jury Trial in January! š„šØ
The Ripple Labs class action lawsuit just escalated dramatically as the U.S. District Court issued pivotal rulings, paving the way for a major jury trial early next year! With settlement negotiations falling through, Ripple and the plaintiffs are now gearing up for a courtroom showdown that could have profound implications for XRPās future. Hereās the latest:
š Significant Wins for Plaintiffs: The court upheld expert testimonies from Jeremy Clark and Saifedean Ammous, who argue that Ripple has played a major role in shaping XRPās ecosystem. Clarkās stanceāthat Ripple primarily benefits from XRPās distributionāwas accepted by Judge Hamilton, despite Rippleās objections.
š Rippleās Defense Strategy Weakened: Rippleās attempt to present Alan Schwartzās testimony, which claimed XRP is not an investment contract, was blocked, dealing a blow to Rippleās defense. However, Ripple scored a minor victory with the exclusion of plaintiff expert Joel Seligman, keeping the legal dynamics intriguing.
š Jury Trial Set ā Conflicting Expert Views to Be Presented: Come January, a jury will evaluate both Rippleās and the plaintiffsā perspectives on Rippleās influence over XRPās market price, addressing the critical question of whether Rippleās actions affect XRPās value.
And it doesnāt end hereāRippleās separate battle with the SEC is also heating up, now moving into the appeals process. With the legal storm surrounding Ripple intensifying, Januaryās trial could be a defining moment for the future of XRP and its place in the digital asset landscape. Stay tuned!
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