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.
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.
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
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.
Ripple’s legal victories have positively impacted XRP’s price, driving a 30% gain in just one week, reaching a 3-year peak.
Pro-XRP lawyer Jeremy Hogan predicts the lawsuit could wrap up by mid-2025, depending on leadership changes at the SEC.
The expected departure of SEC Chair Gary Gensler in January 2025 may influence the trajectory of the Ripple lawsuit and market sentiment.
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