Ripple Labs secures procedural court win, sparking confusion over ties to the ongoing SEC case.
Misinformation spreads with XRP trading at $1.56 amid market optimism.
Court approves expedited judgment, staying claims until SEC lawsuit resolution.
A California court has ruled to expedite judgment in the In re Ripple Labs Inc litigation, a procedural win for Ripple that has been misinterpreted by some as a victory in its ongoing case against the SEC.
It is not even the SEC v Ripple case in which this request was approved. https://t.co/8PXUqMnsJT
— bill morgan (@Belisarius2020) November 28, 2024
Court Approves Expedited Judgment
In the latest California district court ruling, the judge approved modifications to the judgment and stay order in the XRP lawsuit. The court granted the request because both parties agreed to speed up the judgment while the class claims are being resolved. The plaintiff also requested an “express finding in an amended judgment” to avoid confusion and uncertainties in the final resolution.
However, a claim for relief against Ripple will be stayed until the appeals in the XRP lawsuit reach a final resolution. To lift the sta…
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