Ripple v. SEC Lawsuit: What to Expect in April?
April 23 seems like a key date for the legal battle: check out why.
TL;DR
- The long-standing lawsuit between Ripple and the SEC is set to enter a critical phase with the start of the grand trial at the end of April.
- The company has gained momentum due to partial victories secured in 2023.
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC), which has been ongoing for over three years, will witness several key developments this month.
Perhaps the most important one is the start of the grand trial, scheduled for April 23. Its final resolution could have a positive impact on XRP’s price (in the event of a decisive win for Ripple, of course). The opposite is also very much true.
The crypto community, though, should keep in mind that the trial’s beginning does not necessarily mean the legal case will be over this year. Not long ago, the AI-powered chatbot ChatGPT estimated that the lawsuit might be finally resolved in 2026 due to delays and appeals from both sides. ChatGPT is no legal authority, of course, but multi-billion lawsuits do not usually get resolved that quickly.
Prior to the trial, Ripple and the regulator must comply with mandatory court rules. The SEC filed its brief with respect to remedies, while the company’s opposition letter should come no later than April 22.
Despite their differences, Ripple and the agency recently shook hands on a mutual effort. Specifically, they filed a joint letter seeking the authorities’ approval “to govern sealing issues relating to the upcoming remedies-related briefing.”
Some assume that Ripple will enter the trial with the upper hand after securing three vital (yet partial) court victories throughout 2023. The price of its native token reacted positively to each of those, soaring by double digits after the first win.
The possible outcome of the lawsuit is one factor that could fuel an XRP rally this year. Those curious to observe other elements hinting that the asset is on the verge of a price explosion in the following months, feel free to watch our dedicated video below:
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How much is ETH really worth? Hashed provides 10 different valuation methods in one go
After taking a weighted average, the fair price of ETH exceeds $4,700.

Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost
People tend to overestimate what can happen in two years, but underestimate what can happen in ten years.

Balancer Rallies to Recover and Redistribute Stolen Funds After Major Cyber Attack
In Brief Balancer plans to redistribute $8 million to users after a massive cyber theft. The recovery involved crucial roles by white-hat researchers rewarded with 10% incentives. Unclaimed funds will undergo governance voting after 180 days.

Bitcoin Faces Renewed Selling Pressure as Whale Deposits Spike and Market Fear Deepens

