Ripple vs SEC Lawsuit Update: Expert Predicts Final Ruling By 2024-End

The Ripple vs. SEC showdown is getting hotter by the day. Ripple is escalating its fight against the SEC by challenging expert testimony and raising concerns about timing and disclosure through detailed letters. One sticking point is the SEC’s classification of the “Fox Declaration” as standard evidence, which Ripple argues is expert testimony with significant legal implications.

Experts foresee a potential settlement of around $100 million, which could have far-reaching effects on XRP’s value and the broader crypto market. Analysts are dissecting the timeline and assessing the likelihood of a final ruling.

Settlement Coming? Insights & Forecasts

Though the outcome remains unpredictable, Ashley Prosper is highlighting a key milestone in the Ripple vs. SEC lawsuit. The analyst has predicted a settlement and final verdict as the XRP community awaits the SEC’s remedies-related reply. They claim that the SEC’s final reply in the remedies phase of the lawsuit will come the next day. Following this, a waiting period until July, August, or September is expected before Judge Torres delivers her final verdict.

Ashley speculates on the possibility of appeals after the ruling, suggesting the process may not drag on as long as feared. With the possibility of a settlement at any moment, the stage is set for a dramatic resolution.

Awaiting Judgment: The Final Countdown

Judge Torres’s decision is anticipated by mid-to-late 2024, with the SEC’s response due by May 6, 2024. However, potential appeals could extend the process until 2026. Despite attempts at reconciliation, Ripple and the SEC remain at an impasse, with the SEC yet to accept Ripple’s stance on XRP’s classification.

Implications & Ramifications

Market observers believe the SEC will continue to seek disgorgement and prevent Ripple from selling XRP to institutional investors. The recent clash over new expert evidence highlights the SEC’s determination to strengthen its case.

We’re At the Endgame Now: Strategies Now?

These next submissions are likely the last ones before Judge Analisa Torres decides on the penalties for Ripple’s sales of XRP to institutional buyers. If Ripple successfully challenges Fox’s declaration, it could restrict the SEC’s options for advocating certain penalties.

The conflict began in late 2020 when the SEC accused Ripple of violating securities laws through XRP sales. While a partial victory came in July with a ruling on XRP sales on exchanges, the dispute over institutional sales persists, prolonging the legal battle.

Also Check Out: Whales Move 28M XRP Before Ripple vs SEC’s May 6th Deadline

Is your popcorn ready? The plot is thickening and the showdown is upon us!