ripple v. SEC Case: What to Expect in April?
TL;DR
- The long-running case between Ripple and the SEC will enter a critical phase when the big hearing begins at the end of April.
- The company gained momentum thanks to partial victories in 2023.
Perhaps the most important thing is the start of the big trial. planned Its final decision could have a positive impact on the price of XRP (provided Ripple scores a decisive victory, of course). The opposite is also very true.
However, the crypto community should keep in mind that the start of the trial does not mean that the legal case will end this year. Not so long ago, the artificial intelligence-powered chatbot ChatGPT estimated It is stated that the case may be finally resolved in 2026 due to delays and objections from both parties. ChatGPT isn’t a legal authority, of course, but multibillion-dollar cases aren’t usually resolved that quickly.
Before the hearing, Ripple and the regulator must comply with mandatory court rules. While the SEC is submitting its letter regarding remedies, the company’s objection letter is expected to arrive no later than April 22.
Despite their differences, Ripple and the agency recently shook hands on a joint effort. Especially they filed A joint letter seeking authorities’ approval “to manage sealing matters related to the briefing on upcoming remedies.”
Some assume that Ripple will enter the hearing with the upper hand after scoring three crucial (but partial) court victories throughout 2023. The price of its native token reacted positively to each of these, rising by double digits after the first win.
The possible outcome of the case is one of the factors that could trigger the rise of XRP this year. For those who want to observe other elements that indicate that the asset is on the verge of a price explosion in the coming months, feel free to watch our exclusive video below:
Ripple v. SEC Case: What to Expect in April? appeared first on CryptoPotato.
#Ripple #SEC #Case #Expect #April