After the last session related to the trial of the Ripple company #xrp🔥 , the parties proposed a timetable for amendments after summaries of the response between them and #SEC , which means the continuation of consultation and conflict until after May 6. The scheduled dates are 👇
🟢 March 22: The SEC will file its opening summary relating to the treatments, announcements and supporting exhibits under seal.
🟢 March 25: The parties will meet and consult to determine the amendments
🟢 March 26: The SEC will file a revised public version of the brief in accordance with redactions requested by parties and third parties
🟢 On April 22, Ripple will submit a revised version of the opposition brief and documents. On May 6, the SEC will file its response summary under seal. Furthermore, the parties and their parties must file letter and opposition requests related to the sealing details in the filings through May 20. With SEC objections to Ripple and other unexpected filings extending the lawsuit further.
🟢 Furthermore, Judge Torres can deliberate and rule on the SEC's arguments regarding the penalty for sales of Ripple (XRP) after a complaint to institutional investors under Section 5 of the US Securities Act. Unless Ripple and the SEC reach a settlement agreement, as lawyers expect.
🟢 Therefore, the lawsuit will continue for several more months before Judge Torres's final ruling is likely to be issued next year. Judge Torres takes more for summary judgment. Similar to the decision issued on July 13, 2023 that XRP is not a security.
