In the ongoing legal battle involving Ripple Labs, CEO Brad Garlinghouse, and XRP II LLC, the U.S. court has asked parties to explore an alternative resolution before proceeding. Judge Phyllis Hamilton’s order suggests a possible voluntary dismissal, which could delay individual claims pending class claims on securities violations. 🏛️
1️⃣ What’s at Stake? Ripple is battling a securities law violation lawsuit impacting XRP’s classification. If resolved, it could have major effects on the crypto landscape.
2️⃣ Appeals in Progress: Ripple vs. SEC is moving to the appeals court, with hearings slated for early 2025. Meanwhile, both sides are building strong legal teams to present their cases.
3️⃣ XRP Price Steady: XRP trades around $0.524, despite recent declines. Derivatives markets show strong buying interest, indicating confidence in Ripple’s long-term outlook.
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