2024

United

April

<div class="finbold">
 <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>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    AI predicts Copper price for May 1, 2024 <span class="self-center text-xs text-slate-500">17 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Could this be the next trillion dollar company? Why you should add this stock to your portfolio now <span class="self-center text-xs text-slate-500">17 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Mark Zuckerberg's net worth plummets as Meta stock tumbles <span class="self-center text-xs text-slate-500">17 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bybit to hosts the initial decentralized exchange offering for Slash Vision Labs <span class="self-center text-xs text-slate-500">18 hours ago</span>
   </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>
 <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>
  </figcaption>
 </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>
 <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="500" data-dnt="true">
    <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
   </blockquote>
  </div>
 </figure>
 <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>
</div>
<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

Table of Contents

TheBitTimes

Other articles published on Apr 26, 2024

Will the FED not cut interest rates until 2025? What Does PCE Data Mean? Famous CEO Announced!

Enticing Profit Potential on Milei Moneda Presale Has Forced the Hands of XRP and Ethena Investors

Inside the Trending Phenomenon: Bitgert Coin's Unstoppable Surge

Make Your First Million Fast with These Solana and Ethereum Killers

L7 (LSD) Surges Almost 90% In 24 Hours, Trading Above $3

Scammers leverage malicious ETH RPC nodes to target imToken wallet

Join our free newsletter for daily crypto updates!