James

<p><span style="font-size: revert; color: initial;">James K. Filan, the experienced lawyer, took to X today to share insights into the ongoing legal battle between Ripple and SEC.</span></p>
<p class="whitespace-pre-wrap break-words">In today’s tweet, Filan <a href="https://x.com/FilanLaw/status/1787623177620688988" target="_blank" rel="noopener noreferrer nofollow">revealed</a> that the SEC had filed its remedies reply brief and supporting exhibits under seal. These documents, which outline the SEC’s proposed remedies in the event of a ruling against Ripple, are not yet public. However, redacted versions of these filings are expected to be made available by Wednesday, May 8, 2024, with additional sealing-related filings to follow.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRPCommunity</a> <a href="https://twitter.com/hashtag/SECGov?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SECGov</a> v. <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ripple</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> The <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@SECGov</a> has filed, under seal, its remedies reply brief &amp; supporting exhibits. These documents are not yet public. Public, redacted versions will be filed by Wednesday, May 8, 2024. Other sealing-related filings will follow. See below. <a href="https://t.co/ENnkh6oW9H" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ENnkh6oW9H</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/1787623177620688988?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 6, 2024</a>
</blockquote>
<p>Filan’s update comes just days after he <a href="https://x.com/FilanLaw/status/1786082760089575679" target="_blank" rel="noopener noreferrer nofollow">tweeted</a> about Ripple’s letter filed in support of its April 22, 2024 motion to strike new expert materials. The letter serves as a reply to the SEC’s opposition to the motion, further intensifying the legal tussle between the two parties.</p>
<p class="whitespace-pre-wrap break-words">The ongoing lawsuit stems from allegations by the SEC that Ripple illegally raised funds through unregistered securities offerings. The potential penalties faced by Ripple range from $10 million to a staggering $2 billion, making this case a high-stakes legal battle with far-reaching implications for the cryptocurrency industry.</p>
<p><span style="font-size: revert; color: initial;">As the court prepares to deliberate on the arguments presented, market participants and <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> holders alike are eagerly anticipating the verdict. Analysts have speculated on various price targets for XRP, contingent upon the trial’s outcome. A favorable ruling for Ripple could potentially unleash the token’s full potential, while an unfavorable verdict could deal a significant blow to its prospects.</span></p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/cracking-the-xrp-code-a-300-day-study-of-ripples-price-patterns/" target="_blank" rel="noopener noreferrer nofollow">Cracking the XRP Code: A 300-Day Study of Ripple’s Price Patterns</a></strong></em></p>
<p class="whitespace-pre-wrap break-words">The SEC’s response filing deadline was highly anticipated by the XRP community, as the agency has alleged unregistered securities sales and sought a $2 billion fine from Ripple. The case has become a focal point for the crypto market, with its resolution expected to have far-reaching consequences for the industry’s regulatory landscape.</p>
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<p>The post <a href="https://captainaltcoin.com/ripple-vs-sec-lawyer-sheds-light-on-xrp-endgame/" rel="noopener noreferrer nofollow">Ripple vs. SEC: Lawyer Sheds Light on XRP Endgame</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple vs. SEC: Lawyer Sheds Light on XRP Endgame

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