Cryptocurrency

United

James

<div class="finbold">
 <p class="paragraph">Not long after blockchain company Ripple and the United States Securities and Exchange Commission (SEC) agreed on the proposed <a rel="noopener noreferrer nofollow" title="schedule" href="https://thebittimes.com/tag/schedule.html">schedule</a> of 90 days to conduct settlement discussions, Judge Analisa Torres set the specific dates in line with the warring parties’ proposition.</p>
 <div></div>
 <p class="paragraph">Specifically, they have until February 12, 2024, to complete remedies-related discovery; the SEC can file its brief by March 13, 2024; Ripple has until April 12 to file its opposition, and then the regulator can reply by April 29, 2024, according to the court documents shared by defense attorney James K. Filan on November 13.</p>
 <figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">#XRPCommunity #SECGov v. #Ripple #XRP Judge Torres has set the <a rel="noopener noreferrer nofollow" title="schedule" href="https://thebittimes.com/tag/schedule.html">schedule</a> regarding remedies discovery and briefing. pic.twitter.com/Vvc8wPVWlT</p>— James K. Filan (@FilanLaw) November 13, 2023
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">According to legal expert Jeremy Hogan, this means that a final judgment will not arrive before July 2024, but he also noted that the “defense has whittled the case down to only 20% of what it used to be,” thanks to including “TOP lawyers” and wondered how much of the case would still be standing by July in an X post published on November 14.</p>
 <p class="paragraph">Indeed, both the blockchain company and the SEC have earlier agreed on the proposed <a rel="noopener noreferrer nofollow" title="schedule" href="https://thebittimes.com/tag/schedule.html">schedule</a> for settlement discussions, particularly the 90 days to conduct remedies-related discovery, as long as the regulator limits this discovery to the period before the lawsuit, as Finbold reported on November 10.</p>
 <h2 class="wp-block-heading" id="h-what-these-talks-involve">What these talks involve</h2>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/14/fd1e14e822bdbcc6ddfdb1684e476b20.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="caution-xrp-scam-ad-uses-deepfake-of-ripple-ceo">Caution: XRP scam ad uses deepfake of Ripple CEO</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/14/e3f22f7f08af77eb8dfa45d19e353117.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="ripple-v-sec-lawyer-rejects-claims-xrp-is-not-commodity">Ripple v. SEC: Lawyer rejects claims XRP is not commodity</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/12/52e0b42013d0c62936beff7a279ed84e.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="xrp-needs-to-meet-this-condition-to-resume-a-further-move-up">XRP needs to meet this condition to resume a 'further move up'</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/12/5c6a6383f00338789cde984915316628.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="this-is-when-xrp-might-breakout-amid-lingering-sec-uncertainty">This is when XRP might breakout amid lingering SEC uncertainty</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/13/a3aa989c547bb9d53b6128372ccb0e59.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="ripple-vs-sec-key-dates-for-damages-talks-proposed">Ripple vs. SEC: Key dates for damages talks proposed</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">To be more specific, the settlements phase, which aims to put an end to the long-running legal drama that, according to Ripple’s CEO, has cost the company over $100 million in legal expenses, involves an exchange of information to determine the amount of <a rel="noopener noreferrer nofollow" title="damages" href="https://thebittimes.com/tag/damages.html">damages</a> that Ripple would have to pay.</p>
 <p class="paragraph">As a reminder, the only left to resolve after the lawsuit officially ended was the amount of <a rel="noopener noreferrer nofollow" title="damages" href="https://thebittimes.com/tag/damages.html">damages</a> that the blockchain company would have to pay, taking into account that Judge Torres only declared that the sales of XRP to retail buyers (as opposed to institutional buyers) did not constitute securities sales.</p>
 <p class="paragraph">More recently, lawyer Bill Morgan refuted that XRP was not a commodity, arguing that the Judge separated it from the contract, transaction, or selling scheme by stating it was “not necessarily a security” and listing assets in which the “subject of the investment contract was a standalone commodity, which was not itself inherently an investment contract.”</p>
 <p class="paragraph">Meanwhile, the XRP token was at press time trading at the price of $0.6662, up 1.14% on the day, down 3.89% across the previous week while still maintaining a significant increase of 36.93% accumulated on its monthly chart, as per the most recent data retrieved on November 14.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-v-sec-judge-sets-schedule-for-damages-talks-tbt70183.html">https://thebittimes.com/ripple-v-sec-judge-sets-schedule-for-damages-talks-tbt70183.html</a></p>

Ripple v. SEC: Judge sets schedule for damages talks

Table of Contents

TheBitTimes

Other articles published on Nov 14, 2023

Shiba Memu, Meme Kombat brace for impact. New crypto presale GameStop Meme Storms with 2 million ...

OKX Leverages Polygon CDK to Build ZK Proof-Based L2 on Ethereum

Earnings Review: RWE Reports Strong Revenue, Confirms Full-Year Guidance

Ethereum (ETH) Whales Make Bold Moves in the Market Amid Recent Price Rally

MATIC outperforms market as Polygon ID release 5 enhances security and expands ecosystem capabili...

Bitget’s Hong Kong operator invests $90M in OSL

Join our free newsletter for daily crypto updates!