Key Update on Ripple (XRP) vs. SEC Lawsuit: Unveiling the Next Strategic Move

• The ongoing legal battle between Ripple and the SEC has seen recent developments, with sealed filings and scheduled court submissions. This has coincided with a slight uptick in the price of XRP.
• The lawsuit, which began in December 2020, revolves around the SEC’s accusation of Ripple conducting an unregistered securities offering.

As the legal conflict between Ripple and the SEC intensifies, recent developments and court submissions have led to a slight increase in XRP’s price. The lawsuit, which began in December 2020, accuses Ripple of conducting an unregistered securities offering.

Recent Developments in the Ripple-SEC Lawsuit

The legal conflict between Ripple and the US Securities and Exchange Commission (SEC) continues to escalate. The latest move comes from the SEC, which has filed its remedies reply brief and supporting exhibits under seal. The redacted and public version of this data is set to be presented by May 8. Prior to this, both parties are expected to meet and confer to identify redactions sought by each side.

Upcoming Court Submissions and XRP Price Reaction

There are several key developments scheduled for this month. On May 13, the parties are set to file omnibus letter motions to seal all materials relating to the remedies briefings, such as documents, declarations, and supporting exhibits. A week later, they are expected to file letter briefs in opposition to omnibus letter motions to seal. The official documen... Read the full article for FREE at COINOTAG!