Gary

Read

James

<ul> 
 <li>Scheduled for the second quarter of 2024, Ripple’s CEO and Chairman are set to stand trial, as confirmed by attorney James K. Filan.</li> 
 <li>As the trial draws near, the unpredictable fluctuations in Ripple’s XRP value create uncertainty for investors.</li> 
 <li>The Ripple case intensifies as the SEC contests a recent ruling, highlighting broader concerns about crypto regulation and finance’s future.</li> 
</ul> 
<p>The highly anticipated trial between Ripple Labs and the US Securities and Exchange Commission (SEC) has been scheduled for the second quarter of 2024. Esteemed defense attorney and former Federal Prosecutor James K. Filan took to Twitter to reveal this critical update.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPCommunity</a> <a href="https://twitter.com/hashtag/SECGov?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SECGov</a> v. <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> Counsel for <a href="https://twitter.com/bgarlinghouse?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@bgarlinghouse</a> and <a href="https://twitter.com/chrislarsensf?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@chrislarsensf</a> have informed Judge Torres the dates they will not be available for trial in the second quarter of 2024. <a href="https://t.co/o7VwXR847b" rel="noopener noreferrer nofollow">pic.twitter.com/o7VwXR847b</a></p>— James K. Filan 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1ee-1f1ea.png" alt="🇮🇪" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@FilanLaw) <a href="https://twitter.com/FilanLaw/status/1694113337347359149?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 22, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>The trial will see Ripple’s CEO, Brad Garlinghouse, and Executive Chairman, Chris Larsen, in the spotlight, addressing allegations made by the SEC. However, this legal saga comes at a time of intense volatility for Ripple’s native cryptocurrency, XRP. The value of XRP has been exhibiting erratic fluctuations. This instability is leaving XRP investors on edge.</p> 
<p>Adding fuel to the fire, the SEC is demonstrating its dissatisfaction with the outcome of the recent ruling. While the ruling concluded that public sales of XRP weren’t considered securities, it also identified instances where sales to institutional investors were deemed illegal. This legal intricacy has opened avenues for strategic maneuvering on both sides.</p> 
<p>As the courtroom battle looms, the case becomes more significant, transcending the immediate legal wrangling. It encapsulates a pivotal struggle for the future of finance and regulation in the crypto space. While Garlinghouse and Larsen have criticized the SEC’s regulatory approach, SEC Chair Gary Gensler remains steadfast in categorizing most crypto assets as securities.</p> 
<p>The trial’s impending proceedings and the SEC’s appeal cast a shadow of uncertainty over Ripple, XRP, and the broader crypto market. Without a doubt, the outcome of this legal duel will reverberate far beyond the courtroom.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Giveaway Alert: Win 100 USDT <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Participate in our exciting giveaway! <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Follow <a href="https://twitter.com/cryptonewsland?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CryptoNewsLand</a> . <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Join our Telegram <br> channel : <a href="https://t.co/DANjSIzz6f" rel="noopener noreferrer nofollow">https://t.co/DANjSIzz6f</a><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Like and Retweet this post <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Tag your 3 friends in the comments<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5d3.png" alt="🗓" class="wp-smiley" style="height: 1em; max-height: 1em;"> Giveaway ends on Aug 29th. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3c6.png" alt="🏆" class="wp-smiley" style="height: 1em; max-height: 1em;"> Winners… <a href="https://t.co/eFMJBHv99w" rel="noopener noreferrer nofollow">pic.twitter.com/eFMJBHv99w</a></p>— Cryptonewsland (@cryptonewsland) <a href="https://twitter.com/cryptonewsland/status/1686260181628297216?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 1, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/binance-wins-trial-against-sec-signals-confidence-for-future-operations/" rel="noopener noreferrer nofollow">Binance Wins Trial Against SEC, Signals Confidence for Future Operations</a></li> 
 <li><a href="https://cryptonewsland.com/digital-euro-swiss-franc-trial-successful-pound-soon/" rel="noopener noreferrer nofollow">Digital Euro, Swiss Franc Trial Successful. Pound Soon?</a></li> 
 <li><a href="https://cryptonewsland.com/jury-trial-scheduled-for-q2-2024-sec-misses-appeal/" rel="noopener noreferrer nofollow">SEC vs Ripple: Jury Trial Scheduled for Q2 2024; SEC Misses Appeal</a></li> 
 <li><a href="https://cryptonewsland.com/african-nations-trialing-cbdc-after-nigerias-e-naira/" rel="noopener noreferrer nofollow">African Nations Trialing CBDC After Nigeria’s e-Naira</a></li> 
 <li><a href="https://cryptonewsland.com/australia-may-soon-launch-its-cbdc-after-successful-trial-led-by-ex-ripple-head/" rel="noopener noreferrer nofollow">Australia May Soon Launch Its CBDC After Successful Trial Led by Ex-Ripple Head</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/ripple-vs-sec-showdown-looms-as-trial-date-set-for-2024-xrp-investors-brace/">Ripple vs. SEC: Showdown Looms as Trial Date Set for 2024, XRP Investors Brace</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Ripple vs. SEC: Showdown Looms as Trial Date Set for 2024, XRP Investors Brace

Crypto News Land

Other articles published on Aug 23, 2023

Bitcoin (BTC) Remains Above Key Level: Analyst

BIS Study Tries to Answer: How to Deal With Crypto Regulation?

Celebrating the Winners of IDAppathon (Interoperability Hackathon)

Will Web3 be the Cure for Healthcare’s Data Challenges?

Just-In: Shopify Enables Solana (SOL) Pay

Citi Bank Report: Most Global Security Firms Back CBDCs For Faster Payments

Join our free newsletter for daily crypto updates!