tl;dr
Ripple CTO David Schwartz has predicted the potential resolution of the SEC v. Ripple lawsuit in 2024, with the remedies litigation being the last phase of the case at the district court level. Legal experts believe Judge Analisa Torres will issue the remedies ruling in early summer 2024, but the ca...
Ripple CTO David Schwartz has predicted the potential resolution of the SEC v. Ripple lawsuit in 2024, with the remedies litigation being the last phase of the case at the district court level. Legal experts believe Judge Analisa Torres will issue the remedies ruling in early summer 2024, but the case may linger beyond this year if any aggrieved parties appeal to the Second Circuit. Ripple has also revealed plans to go to the Supreme Court for a satisfactory ruling, signaling a potential resolution in the company's favor.
Ripple CTO David Schwartz recently stirred excitement within the XRP community following his prediction regarding the potential resolution of the SEC v. Ripple lawsuit. In a recent interview with Tony Edward of Thinking Crypto, Schwartz speculated that Ripple’s lawsuit with the SEC could be resolved this year. Furthermore, although Schwartz did not shed light on why he believes the lawsuit could be resolved this year, several factors could have influenced his reasoning. The court schedule indicates that the last motion with respect to remedies is expected to be filed by April 29, 2024, and the court will determine the appropriate penalty for Ripple’s securities law violation. Legal experts following the lawsuit believe Judge Analisa Torres will issue the remedies ruling in the early summer of 2024. However, the case may linger beyond this year if any aggrieved parties appeal to the Second Circuit, and this could potentially extend the lawsuit into 2025 – 2026. Nonetheless, despite the potential delays, Ripple has revealed plans to go to the Supreme Court to seek a satisfactory ruling.
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