News View Non-AMP

Ripple vs. SEC Climax: Key Date Shifted, Settlement Looms as Deadline Nears

Published by
Qadir AK

In the ongoing legal showdown between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), things are heating up as the discovery phase, focusing on “remedies” related to XRP sales, reaches a crucial point on February 20th.

This phase bears substantial significance, holding the potential to unveil crucial information that might sway the court’s decision on appropriate actions against Ripple.

Here’s a deep dive into what’s going on.

Understanding the Timeline

Despite expectations for today to be decisive in the Ripple vs SEC lawsuit, analyst Ashley Prosper in his X post, has clarified misconceptions about the case. Prosper emphasized that tomorrow is the extended deadline for remedies-related discovery, and the public won’t see any information from Ripple until the SEC files its brief on March 13. 

Additionally, the final decision isn’t coming in April, as previously thought. Final submissions for remedies are due on April 29th, and a verdict from Judge Torres might not happen until July or August, or possibly later. Prosper suggests a settlement might be the only way to wrap things up by April, offering a fresh perspective on the case.

This Might Interest You: What to Expect Next in the Ripple vs SEC Lawsuit? Expert Details 10-Year Timeline

Adding a touch of humor, Mr. Huber added that he envisions a future where the case extends into 2030, with the SEC taking it to the Galactic Senate and a decision in 2032. It might be a stretch, but it highlights the uncertainty surrounding the case.

Concerns Over SEC Conduct

Amidst the legal complexities, concerns about the SEC’s conduct emerge. Bill Morgan criticizes the agency for not correcting misleading statements to the court and condemns their motion to avoid accountability for attorneys’ alleged unethical behavior, calling for repercussions on professional misconduct grounds.

Read More: SEC Under Fire: Ripple Executives Challenge Gary Gensler’s Leadership & Credibility

Racing Against Time

The SEC is eager to wrap up the case, looking to appeal the ruling on XRP sales and seeking penalties against Ripple for not registering XRP as a security. The clock is ticking, and last-minute filings could impact the schedule. The SEC has until March 13 to file, Ripple by April 12, and the SEC can respond by April 19.

These recent developments highlight the intricate and contentious nature of the Ripple vs SEC lawsuit. As the legal drama unfolds, all eyes are on the courtroom, with the crypto community eagerly awaiting further deliberations and potential outcomes.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Sui (SUI) Price Analysis Today: Key Targets to Consider Ahead

The Sui network has attracted significant investment from institutional investors seeking to capitalize on its…

April 25, 2025

Dogecoin Price Analysis: Momentum Favors Further Gains

Technical analysis shows that the Dogecoin price is poised to gain 33% to 23 cents…

April 25, 2025

Helium Network Announces Strategic Partnership With AT&T: What Next for $HNT Price?

The AT&T subscribers can connect to Helium’s community-built Wi-Fi network. The Helium network has grown…

April 25, 2025

Ethereum Price Prediction 2025: ETH Price May Trigger a 10x Rally, if This Trade Setup Plays Out Well

The crypto markets are experiencing a powerful bullish wave, highlighted by Bitcoin’s breakout and a…

April 25, 2025

What’s Next for the Chainlink (LINK) Price-Will it Reclaim $20 Before the End of the Month?

The recent rise in the bullish momentum has elevated the markets above the bearish captivity…

April 25, 2025

Coinbase Inks Strategic Partnership With PayPal to Enable Mainstream Adoption of PYUSD Stablecoin

The PayPal USD (PYUSD) stablecoin is fast approaching the $1 billion market cap milestone. The…

April 24, 2025