It may be the final court filings in the SEC vs. Ripple case. After the reply brief filing, Judge Analisa Torres will deliberate and rule on the punishment for breaking US securities laws. In July 2023, Judge Torres ruled that Ripple breached Section 5 of the US Securities Act for failing...
which is the next anticipated court date for the case. After more than four years of countless legal back-and-forth, we might have a final resolution. And there's nothing the market likes better than certainty.
On March 22, the SEC submitted to the Court their request for remedies against Ripple for its historic Institutional Sales of XRP. The SEC has asked the court for ~$2B which comprises: (1) ~$900M in disgorgement; ~$200M in prejudgment interest on the disgorgement request; and (2) ~$...
The SEC v Ripple case is in its final stages. Ripple and the SEC are proceeding through remedies-related discovery. Ripple faces a penalty for XRP sales to institutional investors. At the end of the case, the SEC can appeal against the Programmatic Sales ruling. Other court rulings before t...
Spot ETF issuers are unlikely to submit XRP-spot ETF applications until the end of the appeals process. The ongoingSEC v Ripple caseis in its final stages. Judge Torres could deliver a summer ruling on the Penalty for breaching Section 5 of the 1933 Securities Act. Crypto experts believe an...