According to CryptoPotato, Ripple's chief legal officer recently spoke about rumors of a possible settlement between the company and the U.S. Securities and Exchange Commission (SEC), and outlined key court dates set for April and May. The trial between Ripple and the SEC is scheduled to begin on April 23 and could have a significant impact on the future price of XRP and the broader cryptocurrency market. Ripple Chief Legal Officer Stuart Alderoty denied the rumors of a settlement, clarifying that the company will respond to the SEC's request for a fine by April 22, and the regulator's response should be due by May 6.
The final chapter in the lengthy lawsuit between Ripple and the U.S. securities regulator is a trial next week (April 23). Some believe that Ripple will go into the trial with an advantage, having achieved three important (but partial) court victories during 2023. A positive outcome for Ripple could trigger a bull run for XRP, while the opposite scenario could hinder progress in the crypto industry and lead to the implementation of strict rules.