According to CryptoPotato, the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) over allegations of illegal sales of XRP will continue on April 23. Despite speculation about a settlement, Ripple's chief legal officer confirmed that the two sides will not reach a settlement before the trial. The legal dispute began in December 2020, when the regulator accused Ripple of illegally selling XRP in an unregistered securities offering. Ripple refuted the allegations, arguing that its native token should not be considered a security and is therefore not under the jurisdiction of the SEC. The battle will enter its final stage after the grand trial on April 23, when a federal judge will decide the outcome. Ripple is expected to respond to the SEC's request for a penalty by April 22, and the regulator's response should arrive by May 6. In addition, Ripple Chief Legal Officer Stuart Alderoty denied rumors that "the SEC withdrew the charges against Brad Garlinghouse and Chris Larsen, so there was no final pre-trial conference."