#XRP news :
The long-running #SEC v. Ripple lawsuit has been delayed yet again, with attorney James Filan suggesting that a summary judgment could be reached as early as September 2023.
The #lawsuit , which began in December 2020, alleges that Ripple and its executives violated securities laws by selling XRP, the native token of the XRP Ledger, as an unregistered security.
Filan, who is representing Ripple in the case, tweeted on June 28 that he believes the parties will be able to reach a summary judgment by September 26, 2023. This is later than the previous estimate of August 26, 2023.
A summary judgment is a ruling by the court that one party is entitled to judgment as a matter of law. If the court grants summary judgment, the case will be over and there will be no need for a trial.
The delay in the SEC v. Ripple lawsuit has been frustrating for many in the crypto industry, who are eager to see a resolution. However, it is important to remember that the court is taking its time to ensure that a fair and just decision is reached.
