In the case between Blockchain company Ripple and the SEC, the US regulator made its final defense regarding the solutions to the case. The SEC also submitted some documents to the court supporting its defense.
While the documents submitted by the SEC to the court are still sealed, a censored version of these documents is expected to be made public tomorrow. On the other hand, lawyers on both sides will meet today to agree on what information will remain censored before the documents are made public.
While the SEC's response to the court is not yet known, those who follow the case closely expect the regulator to provide documents against Ripple's defense in its response. Because the SEC demanded a $2 billion fine against Ripple for violating securities laws through corporate sales, and Ripple objected to this penalty in its latest defense. However, last July, the court ruled that Ripple violated securities laws with its sale of XRP to institutions. It is estimated that the SEC also justified this decision in its response letter to the court.
When will the SEC - Ripple case end?
While it seems that the long-running case has come to an end, speculations about the final decision continue.
Some market commentators predict that Judge Analisa Torres may make her final decision in July or September. On the other hand, some consider the assumption that the parties can reach an agreement before the decision. However, while Ripple has so far strongly objected to the SEC's demands, it can be said that a compromise is unlikely.
On the other hand, comments regarding the conclusion of the case remain only speculation, and if one of the parties appeals after the decision, it is possible that the case will be postponed to 2025.
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