Ripple vs. SEC Update: Here’s Why the XRP Lawsuit Could End on Oct. 16th

The XRP community is holding its breath as the long-awaited resolution to Ripple’s legal battle with the SEC draws closer.

A recent post by Ashley Prosper on X has highlighted the next steps in the appeal process, sparking conversations among key voices in the community. With Ripple’s Swell event coinciding with important legal deadlines, there’s growing optimism that a resolution could be near.

Will this drama ever come to an end?

Breaking Down the Appeal Process

Ashley Prosper’s post outlined the next phase in the legal proceedings now that the SEC’s appeal has been filed. The case will move to the CAMP office, where a settlement conference will be arranged. At this conference, both sides must be ready to discuss legal, factual, and procedural issues in detail. Lawyers are also required to consult with their clients ahead of time to gain the highest possible authority for settlement talks.

Participation in this process is mandatory, with both attorneys and their clients expected to engage in good faith. The court can impose penalties on anyone who doesn’t comply, emphasizing the importance of this stage in the legal dispute. As this step approaches, excitement within the XRP community is rising, fueled by hopes for a resolution.

Swell Event & SEC Deadline Align

Community member Mickyd_XRP quickly joined the discussion, asking when the SEC must disclose the specifics of its appeal. Prosper responded that the deadline is set for October 16, which also marks the final day of Ripple’s Swell event. This timing has stirred up speculation, with many hoping Ripple CEO Brad Garlinghouse might have a major announcement lined up as the event wraps up.

Adding a bit of humor, Ben Lemer expressed his hope that Garlinghouse will simply announce that the SEC lawsuit is finally over. The overlap between Ripple’s key event and the legal deadline has fueled chatter about a potential “flip of the switch” moment, signaling a critical shift in the Ripple vs. SEC saga.

Will the SEC Drop Its Appeal?

As the October 16 deadline approaches, speculation is mounting over whether the SEC might withdraw its appeal. The timing has sparked rumors within the community that the regulatory body could reconsider its approach, especially following Ripple’s recent court victories. While there are no clear signs yet, the idea of the SEC stepping back is gaining traction.

The XRP community is eagerly awaiting the next move, hoping for a resolution that could finally bring an end to this long-running legal battle.

Are you on the edge of your seats as we are? Tell us!