Ripple vs. SEC legal battle is about to enter trial

  • April 21, 2024
According to CryptoPotato, Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) has been going on for more than three years and is now about to enter its final stage – a trial scheduled for April 23. Until then, both parties must comply with court requirements. U.S. attorney James Filan revealed on X that the regulator has submitted (under seal) briefings and supporting documents related to its open-ended remedies. The data has not yet been made public, he added, and a redacted version will be submitted no later than March 26. Initially, the SEC had until March 13 to file a brief on the remedies, but it was granted an extension. According to the judge’s latest ruling, Ripple’s objection letter should be submitted no later than April 22. Despite their differences, the company and regulators recently made a joint effort, submitting a joint letter seeking the authority's approval to "manage closure issues related to the upcoming remedial measures."