2024

United

April

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 <p class="paragraph">As the cryptocurrency community awaits the final outcome of the legal battle between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, Magistrate Judge Sarah Netburn has set the schedule for the <a rel="noopener noreferrer nofollow" title="court" href="https://thebittimes.com/tag/court.html">court</a> case’s most recent motion.</p>
 <p class="paragraph">Specifically, Judge Netburn has entered a scheduling order regarding Ripple’s Motion to Strike new expert materials that the SEC has submitted in support of its Motion for Remedies and Entry of Final Judgment, according to the information shared by defense attorney James K. Filan on April 26.</p>
 <h2 class="wp-block-heading" id="h-due-dates-for-motion-replies">Due dates for motion replies</h2>
 <p class="paragraph">Notably, as per this order, which the former federal prosecutor and popular commentator on the case published in an X post, the securities regulator has until April 29, 2024, to file its response to Ripple’s motion, after which the blockchain firm has three business days to file a reply.</p>
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 <figure class="wp-block-image"><img decoding="async" width="800" height="162" src="https://cdn.thebittimes.com/images/2024/04/26/4a52cb9de4f84feebcff28685f95e277.webp" alt="Judge Netburn’s scheduling order. Source: James K. Filan" class="wp-image-171817" srcset="https://cdn.thebittimes.com/images/2024/04/26/4a52cb9de4f84feebcff28685f95e277.webp 800w, https://cdn.thebittimes.com/images/2024/04/26/4a52cb9de4f84feebcff28685f95e277.webp 300w, https://cdn.thebittimes.com/images/2024/04/26/4a52cb9de4f84feebcff28685f95e277.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Judge Netburn’s scheduling order. Source: </em><em>James K. Filan</em>
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 </figure>
 <p class="paragraph">As a reminder, Ripple has earlier filed a Motion to Strike the SEC’s new expert materials “in the form of a declaration and two supporting exhibits prepared by new expert witness Andrea Fox,” arguing that Fox’s declaration represents ill-timed “sandbagging,” as Finbold reported on April 23.</p>
 <p class="paragraph">In addition, Ripple’s Opposition to the SEC’s Motion for Remedies and Entry of Final Judgement, in which the agency seeks $2 billion in damages over institutional XRP sales, argues that the regulator has failed to prove the likelihood of future violations or reckless disregard for the law.</p>
 <p class="paragraph">Elsewhere, the crypto community has enthusiastically received the news of Judge Netburn’s nomination to serve as a US District Judge for the Southern District of New York, with pro-XRP lawyer Bill Morgan praising her decisions in the Ripple v. SEC case and observing that she deserved her appointment.</p>
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    <p lang="en" dir="ltr">Her decisions in the SEC v Ripple case and dealing with such a difficult litigant like the SEC shows her appointment is thoroughly warranted and deserved. https://t.co/Ej2JNls8fw</p>— bill morgan (@Belisarius2020) April 25, 2024
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 <p class="paragraph">Meanwhile, the XRP token, which has been at the center of the protracted <a rel="noopener noreferrer nofollow" title="court" href="https://thebittimes.com/tag/court.html">court</a>room standoff, was at press time trading at the price of $0.5271, which suggests a 0.62% gain on the day, an increase of 7.23% across the week, as it recovers from the 15% loss over the past month, as per data on April 26.</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>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-v-sec-court-case-update-as-of-april-26-2024-tbt86632.html">https://thebittimes.com/ripple-v-sec-court-case-update-as-of-april-26-2024-tbt86632.html</a></p>

Ripple v. SEC court case update as of April 26, 2024

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