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Ripple vs SEC Update: Court Speeds Up Final Judgement in XRP Lawsuit

Published by
Mustafa Mulla

Ripple Labs has achieved a significant milestone in its long-running legal battle as a U.S. court approved its request to expedite a final judgment in the XRP lawsuit. This decision marks a crucial step toward ending a case that has weighed heavily on Ripple and its native token, XRP, for years.

A Faster Path to Closure

The latest court ruling, which amends an earlier decision, clears the way for a quicker resolution. Court filings reveal that both Ripple and the plaintiffs agreed there was no need for further delays since most class claims have already been resolved.

The court also approved Ripple’s request for an amended judgment to address lingering uncertainties about the case’s finality. However, one claim for relief against Ripple remains pending until the appeals process is completed.

Both parties plan to file a motion to lift the stay within 30 days after the appeals are resolved. In the meantime, Ripple has submitted detailed records of its litigation costs, highlighting the extensive effort behind its defense.

Ripple Vs SEC Lawsuit Timeline

This latest win comes after Ripple’s earlier success in its battle with the SEC, which continues to shape regulatory discussions in the U.S. Pro-XRP lawyer Jeremy Hogan has speculated the SEC case might conclude by mid-2025, especially if leadership changes at the SEC.

Ripple’s leadership remains optimistic, seeing these wins as a strong base for future growth. The faster judgment in the XRP lawsuit shows Ripple’s progress and could influence other crypto-related cases.

As the Ripple vs SEC drama unfolds, many are wondering what’s next for XRP—read XRP price prediction to see where the token could be heading next

XRP Price Surge: What’s Next?

Late last week, XRP soared to a three-year peak of $1.63 after news broke that SEC Chair Gary Gensler plans to step down on January 20, the same day President-elect Donald Trump is set to begin his second term.

While the price has since eased to $1.46, XRP still boasts a remarkable 30% gain over the past week. Market analysts remain bullish, with some forecasting that XRP could reclaim its previous all-time high of $3.38 before the year ends.

FAQs

How does the Ripple vs SEC lawsuit affect XRP’s price?

Ripple’s legal victories have positively impacted XRP’s price, driving a 30% gain in just one week, reaching a 3-year peak.

When is the Ripple vs SEC lawsuit expected to conclude?

Pro-XRP lawyer Jeremy Hogan predicts the lawsuit could wrap up by mid-2025, depending on leadership changes at the SEC.

How will the SEC leadership change impact the Ripple case?

The expected departure of SEC Chair Gary Gensler in January 2025 may influence the trajectory of the Ripple lawsuit and market sentiment.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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