Expert Unveils Crucial Timeline in XRP Lawsuit: Ripple vs SEC

The long-anticipated climax of the legal battle between Ripple and the SEC is drawing near, with Judge Torres expected to deliver her final ruling in September. The SEC is seeking a massive $2 billion fine against Ripple, alleging that they violated securities laws through their sale of XRP. Surprisingly, despite the ongoing lawsuit, XRP’s price has experienced a 5% increase within a week, possibly due to the SEC filing its final arguments. This surge coincided with the SEC’s submission of its final reply brief and supporting exhibits related to remedies in the Ripple lawsuit.

Renowned defense attorney James Filan provided an intriguing update on the proceedings, revealing that the motions are sealed until May 8, when they will be publicly unveiled in a redacted form. Today, May 7, marks a crucial moment as representatives from the SEC and Ripple come together to determine the necessary redactions before the documents are disclosed.

While the contents of the SEC’s reply brief remain unknown, legal analysts believe that it counters Ripple’s arguments against the regulator’s initial remedies brief. Previously, the SEC requested a hefty fine of nearly $2 billion, accusing Ripple of violating federal securities laws through their sale of XRP to institutions. In response, Ripple vehemently opposed the SEC’s demands, arguing against injunctive relief and disgorgement. The company believes that the proposed civil penalty of $876 million is excessive and advocates for a more reasonable amount of $10 million.

Experts predict that the final ruling will be delivered by Judge Analisa Torres sometime this year, with Ashley Prosper from the XRP community suggesting that it could be between July and September. However, the actual timeline remains speculative and subject to the court’s discretion. There is also the possibility of an appeal, which could prolong the legal battle into 2025. Judge Torres previously halted the SEC’s attempt to appeal a partial victory for Ripple, urging the agency to await resolution on all fronts.

As we await Judge Torres’ ruling, the question remains: Will Ripple emerge victorious or will the parties settle? Share your predictions.