What XRP Investors Need to Know as Ripple-Zakinov Lawsuit Nears Important Deadline

Key Points
– The upcoming summary judgment briefing in the Zakinov lawsuit against Ripple could have a significant impact on the future of XRP.
– XRP investors in the US who held or sold XRP at a loss during a specific time period are automatically included in the Zakinov class action.
– The SEC is seeking an extension in the Ripple lawsuit, potentially indicating progress towards a resolution.
– Fred Rispoli, a pro-XRP lawyer, has provided fresh insights into the case, emphasizing the importance of the summary judgment briefing.
– The Zakinov lawsuit alleges that Ripple, CEO Brad Garlinghouse, and subsidiary XRP II sold XRP to US investors as unregistered securities.
– The case has been certified as a class action, with two classes: the Federal Securities Claim Class and the California State Securities Claim Class.
– Eligible XRP investors have the option to be automatically included in the class action or request exclusion to pursue a separate lawsuit against Ripple.
– The outcome of the Zakinov lawsuit, similar to the SEC case, could shape the legal landscape surrounding XRP’s classification and Ripple’s regulatory obligations.
– In the parallel Ripple vs. SEC case, the SEC has requested an extension for its remedies-related briefing, indicating potential cooperation between the parties.