XRP vs. SEC Case to End in July? Here’s What May Happen

Juhi Mirza
XRP Ripple
Source – Outlook India

The intense two-year legal battle between the SEC and Ripple has been drawing considerable market attention as of late. The legal warfare has been swaying back and forth, with new developments rising now and then. 

However, the fierce legal battle could finally end by July or August, per a fresh forecast presented by crypto enthusiast Ashley Prosper. 

Also Read: Ripple XRP February End Price Prediction

When will the Ripple vs. SEC Case Verdict Arrive? 

Discussing the development at length, Prosper took to Twitter to share her detailed opinion. 

Prosper shared a court filing image, outlining four crucial dates that XRP community members should watch out for. 

Per the shared image, February 20 marks the date when the concerned parties are supposed to complete their remedies-related discovery proceedings. 

March 13 has been dubbed another date when the plaintiff will be filing a brief concerning remedies.  

Per Prosper, April 12 and April 29 have been marked as other significant dates when the defendant will be filing its opposition, followed by the plaintiff filing its reply. 

Prosper shared how it is unlikely that the community will find more data on the said case before the SEC files its remedies on March 13. 

Prosper outlined the crucial juncture related to the case, adding that the deadline to submit final remedies is April 29. This could simply mean that the final verdict related to the case may not arrive before July or August. 

“Final submissions for remedies are due April 29th, after which Judge Torres will make her decision. I’m thinking July or August for that, but she could take it until next year if she wants to.“ She tweeted. 

Also Read: Ripple Co-Founder Hacked for 213 Million XRP

XRP Price Continues Its Upward Ascent

Despite the legal warfare proceedings catching pace, the price of XRP remains unfazed. With minor drops accompanying an overall steady price momentum, XRP has been up 5.75% in the last week. 

The steady price momentum has largely been contributed to by Ripple’s spree of positive corporate alliances. Brad Garlinghouse, CEO of Ripple, recently announced the acquisition of Standard Custody and Trust Company, expanding Ripple’s reach.