when

April

<p>The post <a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-update-here-are-the-key-dates-to-watch/">Ripple vs. SEC Nears Key Deadline: Settlement or Showdown?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In the cryptocurrency world, all eyes are on <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a> as whales—holders of large amounts of the digital asset—transfer a whopping 180 million coins. This move has added a new layer of intrigue to the ongoing legal clash between <a href="https://coinpedia.org/news/ripple-vs-sec-judge-netburn-advances-xrp-lawsuit-with-new-scheduling-order/">Ripple and the U.S. Securities and Exchange Commission (SEC)</a>. With the courtroom showdown reaching a critical stage, April 29 is a date everyone’s watching, as it marks the deadline for the SEC to respond to Ripple’s motions, thanks to a ruling from <a href="https://coinpedia.org/news/ripple-vs-sec-how-sarah-netburns-nomination-could-shape-the-outcome/">Magistrate Judge Sarah Netburn</a>. </p> 
<p>This extra time gives both sides a chance to lay out their arguments carefully.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-opinions-differ-on-lawsuit-outcome"><strong><strong>Opinions Differ on Lawsuit Outcome</strong></strong></h2> 
<p>People are divided on what might happen next in this legal showdown. Some are hopeful for a settlement that could finally bring an end to the long-running dispute, while others are unsure who will come out on top. Attorney Jeremy Hogan is cautiously optimistic, estimating a possible settlement around $100 million, a far cry from the SEC’s initial demand of $2 billion.</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">Our opposition to the SEC’s request for $2B in penalties for legacy institutional sales is now public. In a case that had no allegations (or findings) of recklessness or fraud, and in which Ripple won on significant issues, the SEC’s ask is just more evidence of its ongoing… <a href="https://t.co/GLcdsyInZW">https://t.co/GLcdsyInZW</a></p>— Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1782579957874749647?ref_src=twsrc%5Etfw">April 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Meanwhile, Ripple’s Chief Legal Officer, Stuart Alderoty, argues for a much smaller penalty, suggesting a maximum of $10 million. Ripple’s stance underscores their call for fair treatment and a reasonable resolution. As uncertainty looms over the lawsuit’s conclusion, stakeholders eagerly await further developments, knowing the outcome could have far-reaching implications for the cryptocurrency world.</p> 
<p>Read More: <a href="https://coinpedia.org/news/ripple-ipo-and-stock-dilemmas-cto-schwartzs-perspective-amid-xrp-lawsuit/">Unfazed by SEC Lawsuit, Ripple Prepares for IPO with Strong Investor Interest</a></p> 
<h2 class="wp-block-heading" id="h-latest-updates"><strong>Latest Updates </strong></h2> 
<p>In the latest twist, Judge Sarah Netburn has made a significant decision in response to Ripple’s request to dismiss the SEC’s expert submissions. Granting an extension for the SEC’s reply until April 29, 2024, Judge Netburn’s impartial actions continue to guide the legal process with fairness. As Ripple prepares to submit its response within the given three-day timeframe, all eyes remain on the courtroom proceedings.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/ripples-impending-stablecoin-raises-questions-about-xrps-future-is-the-end-near/">Incoming Ripple Stablecoin Raises Questions: Is This the End of XRP?</a></p> 
<p>Despite the legal drama, XRP holds its ground in the market, currently trading at $0.5320, showing a slight 1.05% increase. While the one-day trading volume has dipped by 12.74% to $1.31 billion, XRP has managed to gain 6% over the past week, signaling stability amidst market fluctuations.</p> 
<p><strong>Keep an eye on the April 29th deadline – it could be a turning point!</strong></p>

Ripple vs. SEC Nears Key Deadline: Settlement or Showdown?

Table of Contents

CoinPedia News

Other articles published on Apr 27, 2024

Here Are The Top Crypto Investment Choices For Experts (BCH, JUP, $ROE)

SiGMA affiliate retreat transforms El Nido into networking nirvana

Top 5 Low-Cap Altcoins For 200% Profit in May 2024

Robinhood Integrates Cross-Chain Swaps with Polygon Network

Warren And Cassidy Push For Action On Crypto And Child Abuse

Solana-Based Meme Coin Presale Under 48 Hours Left to Buy – Next 100X Crypto Launching Soon

Join our free newsletter for daily crypto updates!