Ripple vs. SEC Update: Is October 16 a Milestone?
The XRP community is closely following the latest developments in the legal battle between Ripple and the SEC. According to Ashley Prosper’s update, the SEC’s appeal has been filed, and the case has now been transferred to the CAMP office, where both parties will attend a resolution conference to discuss the legal issues.
This meeting could signal an upcoming resolution.
Interestingly, October 16, the deadline for the SEC to submit documents, coincides with the last day of Ripple’s Swell event. This has led the community to expect CEO Brad Garlinghouse to make a big announcement at that time, raising the possibility of a major turning point in the case.
In addition, there are rumors that the SEC may withdraw its appeal, especially since Ripple has been winning the recent rulings. This would mark a major step forward for Ripple in its long-running legal battle.
