XRP’s Do-or-Die Moment Approaches: Court’s New Order Could Alter Ripple’s Path Forever! 🚨🔥
XRP CASE UPDATE: Ripple Faces a New Twist from the Courts—What Will This Mean for XRP’s Future? ⚖️
In a major shift, the ongoing legal showdown between Ripple Labs and the SEC has taken a sudden twist as the U.S. court directs Ripple, CEO Brad Garlinghouse, and other key figures to consider a new strategy to address the case. This pivotal decision may significantly affect XRP’s standing in the broader crypto world.
Court Advocates for an Alternative Settlement Route
Ripple’s call for a decisive judgment on the class action allegations has met a surprising response. Judge Phyllis Hamilton has suggested a “voluntary dismissal without prejudice,” a move that would allow claimants to refile cases individually in the future. This introduces an unexpected layer of complexity and leaves the fate of XRP hanging in the balance.
Critical Dates to Keep an Eye On
November 4: Ripple must either submit an updated order or express its intent to decline.
December 19, 2024: Pretrial Conference
January 21, 2025: Jury Selection and Trial
On another front, the SEC is intensifying its efforts, pushing to reassert charges against Ripple executives Garlinghouse and Larsen, with final arguments expected on January 15, 2025.
Ripple’s Critical Decision: What’s Next for XRP?
Ripple’s response to this court mandate could become a turning point for XRP. Agreeing to the proposal might allow XRP to avoid extended court disputes, stabilizing investor sentiment. Yet, rejecting it could lead to heightened uncertainty, likely fueling market volatility.
With so much at stake for Ripple and XRP, the crypto world is on edge, waiting to see Ripple’s next move and what it will mean for XRP’s future.
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