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<p>The post <a href="https://coinpedia.org/news/ripple-vs-sec-here-are-key-dates-that-to-watch-which-will-change-the-course-of-this-trail/">Ripple vs SEC: Key Dates to Watch for the Remedies Brief</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The long-standing legal tussle between <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">Ripple</a> and the <a href="https://coinpedia.org/news/sec-vs-ripple-lawsuit-sec-seeks-1-week-extension-xrp-surge-to-0-57/">United States Securities and Exchange Commission (SEC)</a> is heating up as the highly awaited trial date of April 23, 2024, looms large on the horizon.</p> 
<p>Read further to uncover the latest developments and understand the potential implications for both sides.</p> 
<h2 class="wp-block-heading" id="h-an-extension-for-sec">An Extension for SEC? </h2> 
<p>In a recent twist, the SEC, in a bid to dot all the i’s and cross all the t’s, has thrown a curveball by requesting a one-week extension. This move comes on the heels of Judge Analisa Torres setting deadlines last year – the SEC is expected to unveil its remedies plan by March 13, with Ripple required to counter by April 12.</p> 
<p>According to a <a href="https://coinpedia.org/news/sec-vs-ripple-lawsuit-sec-seeks-1-week-extension-xrp-surge-to-0-57/">report from Coinpedia</a>, the SEC successfully petitioned for an extension, pushing its deadline to March 22. Simultaneously, Ripple’s deadline for its opposition brief is proposed to extend to April 22, 2024.</p> 
<p>Read More: <a href="https://coinpedia.org/news/ripple-vs-sec-update-new-class-action-adds-to-legal-tangle-with-sec-xrp-status-at-stake/">Ripple vs. SEC Heats Up: California Lawsuit Adds Fuel to XRP Price Uncertainty</a></p> 
<h2 class="wp-block-heading" id="h-and-the-countdown-continues">And the Countdown Continues </h2> 
<p>Meanwhile, the SEC’s reply brief, initially scheduled for April 29, has been extended to May 6, 2024. Notably, Ripple has agreed to the SEC’s request for an extension.</p> 
<p>The SEC justified its plea, citing the need for additional time to meticulously review the recently provided Ripple financial statements covering 2022 and 2023 in order to finalize remedies-related briefings.</p> 
<p>This isn’t the first rodeo with <a href="https://coinpedia.org/news/crypto-influencer-share-a-realistic-outlook-of-what-might-happen-in-ripple-lawsuit/">extensions for Ripple</a>; previously, the company received an 8-day extension during the remedies-related discovery phase to submit crucial documents.</p> 
<h2 class="wp-block-heading" id="h-ripple-s-fate-hangs-in-the-balance">Ripple’s Fate Hangs in the Balance </h2> 
<p>The remedies briefing phase is critical, determining the penalty Ripple might face for allegedly breaching federal securities laws through the sale of $770 million worth of XRP to institutional clients.</p> 
<p>The looming question, if Ripple is found guilty, revolves around the penalty the court will impose. Experts, such as <a href="https://coinpedia.org/news/john-deaton-challenges-security-status-of-bitcoin-ethereum-and-xrp-amid-new-crypto-regulations/">Attorney John Deaton</a>, anticipate that it won’t surpass the $150 million already spent on legal defense. Ripple’s financial commitment becomes a linchpin, setting a potential precedent for similar situations in the cryptocurrency industry.</p> 
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   <p lang="en" dir="ltr">Ripple and Remedies: What does it mean? <a href="https://t.co/iFYNUcmfaT">https://t.co/iFYNUcmfaT</a></p>— CryptoLaw (@CryptoLawUS) <a href="https://twitter.com/CryptoLawUS/status/1724517626804892131?ref_src=twsrc%5Etfw">November 14, 2023</a>
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<p>Also Read: <a href="https://coinpedia.org/news/john-deaton-challenges-elizabeth-warren-for-senate-seat-advocates-for-the-working-class/">Ripple’s John Deaton Challenges Elizabeth Warren For Senate Seat; Here’s His Pitch</a></p> 
<h2 class="wp-block-heading" id="h-xrp-price-outlook">XRP Price Outlook</h2> 
<p>Amidst the legal drama, XRP’s price stands at <a href="https://markets.coinpedia.org/xrp/">$0.59 showing</a> a 6% surge in the past 24 hours, reaching almost $0.60. Coinciding with these events, analysts foresee a positive future for XRP, with some even suggesting a potential rise to $27.</p> 
<p>The stage is set and the world watches with bated breath.</p>

Ripple vs SEC: Key Dates to Watch for the Remedies Brief

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