#BinanceBlockchainWeek

Breaking! XRP lawsuit sees a new turn! Ripple faces heavy pressure and may need to reconsider the settlement plan⚠️

Ripple and XRP are at a critical moment, as a U.S. court has made new demands on Ripple Labs, CEO Brad Garlinghouse, and key executives, suggesting they explore other settlement options in the ongoing lawsuit. This unexpected turn may change the legal landscape for XRP and impact its market prospects.

Court directive: Reconsider the solution

Ripple's efforts to achieve a final judgment on the class action claims have been hindered. Judge Phyllis Hamilton suggested an "unconditional dismissal," which means that after the class action appeal process ends, claims may be refiled in individual names, increasing uncertainty.

🗓 Key deadlines and compliance requirements

Ripple must submit a revised order or indicate its refusal to settle by November 4.

Please note:

Pre-trial meeting: December 19, 2024

Jury selection and trial: January 21, 2025

Meanwhile, the U.S. Securities and Exchange Commission (SEC) is attempting to revive charges against Garlinghouse and co-founder Chris Larsen, with an expected final submission by January 15, 2025.

Ripple's strategic choice: Which way to go?

If Ripple chooses this alternative solution, it may avoid a lengthy lawsuit and alleviate market panic. However, if it refuses, the legal confrontation may escalate, increasing XRP's volatility and uncertainty.

XRP's fate hangs in the balance, and Ripple's next actions may impact the future of cryptocurrency regulation in the U.S.

XRP price: $0.5213 (-0.78%)

#美国大选后行情预测

Recently, I planned to ambush a potential coin that is ready for a huge surge, doubling my investment should be quite simple. At the same time, I'm preparing to find some potential coins to hold until the end of the year, expecting a space of over 10 times is not a problem. If you want to keep up, follow me for free sharing.