1. Latest developments in the SEC vs XRP lawsuit
The most important phase of the lawsuit ended on February 20, 2024 with the end of the evidence collection and exchange phase. The attention of the entire cryptocurrency community is focused on the upcoming important dates in the legal schedule of this lawsuit.
March 13, 2024: SEC will file a proposed settlement
April 12, 2024: Deadline for Ripple to submit memorandums to oppose SEC proposals
April 29, 2024: The court will decide on sanctions for transactions that Ripple made with organizations.
Although a final decision may not be made until July-August 2024, there is speculation about the opportunity to negotiate an earlier settlement. This raises hopes of an early end to the long-running debate, helping both sides avoid legal costs and uncertainty.
Whatever the final outcome of the lawsuit is, it will still greatly affect the market value and reputation of Ripple.
2.When will the XRP lawsuit end?
Based on the above timelines, the lawsuit between the owner of the XRP coin and the SEC is expected to end in July or August this year. However, it is also likely that the two sides will negotiate and reach a final conclusion sooner.
