Ripple Vs SEC Update: Key Victory for Ripple as Court Speeds Up XRP Lawsuit Trial
#Ripple💰 Labs secured a major victory in the $XRP court case, as a US court approved a motion to expedite the issuance of a final judgment in the case. This action is seen as a critical step towards resolving the years-long case impacting Ripple and its native token, XRP.
Court moves towards faster resolution
In a positive move for Ripple, the latest court ruling reversed a previous decision, paving the way for a faster resolution. According to court filings, both Ripple and the plaintiffs jointly agreed that there was no need to delay the trial since the majority of the class action claims had been resolved.
However, the court also granted Ripple’s request for an amended judgment, addressing uncertainties about the finality of the case. While the judgment moves forward, a claim for relief against Ripple remains on hold until the appeals process is completed.
Meanwhile, both parties are expected to file a motion to lift the suspension within 30 days of the resolution of the appeals. Along with these developments, Ripple has submitted extensive records of litigation costs, reflecting the effort behind its defense.
Ripple Vs SEC Lawsuit Timeline
This latest victory comes after Ripple's previous success in its battle with the SEC, which continues to shape regulatory discussions in the US. Pro-XRP lawyer Jeremy Hogan speculated that the SEC case could be concluded by mid-2025, especially if leadership changes at the SEC.
Ripple’s leadership remains optimistic, viewing these victories as a strong foundation for future growth. The faster judgment in the XRP lawsuit shows Ripple’s progress and could influence other crypto-related cases.
As the Ripple vs SEC drama unfolds, many are wondering what's next for XRP - read the XRP price prediction to see where the token could be heading next
Ripple’s XRP Sees Surge
Late last week, XRP hit a three-year high of $1.63 following news that SEC Chairman Gary Gensler plans to step down on Jan. 20, the same day President-elect Donald Trump is set to begin his second term.
Although the price has dropped to $1.46, XRP still boasts a notable 30% gain over the past week. Market analysts remain bullish, with some predicting that XRP could reclaim its previous all-time high of $3.38 before the year is out.#MarketDownturn
