Sec Sues Binance
- The trial date for Ripple’s legal battle with the SEC over XRP set for Q2 2024.
- Both parties indicate intent to move forward with the appeal in the same quarter.
In a buzzing update straight from the digital finance world, Eleanor Terrett, Fox Business’ esteemed correspondent, shared a tweet that has the crypto community at the edge of their seats. Citing a document handed over by the @SECGov to Judge Torres, Terrett announced:
🚨NEW: The @SECGov has provided Judge Torres with dates they are available and unavailable for trial in the second quarter of 2024. 👇🏼 pic.twitter.com/44ipW54QpF
— Eleanor Terrett (@EleanorTerrett) August 23, 2023
Details from the SEC Document
Eleanor Terrett’s tweet was based on an important document from the SEC, indicating their availability for the looming trial with Ripple in 2024. Pinpointing specific dates, the SEC has marked itself available throughout April, May, and June of 2024. However, some blackout dates have been noted, such as April 15-19, May 1-7, and May 27-31.
Anticipation Builds: Ripple vs. SEC
Prior to this, both Ripple and the SEC echoed their firm decision to move forward with the appeal, targeting the second quarter of 2024. This commitment was evident in separate communications both parties sent to Judge Torres. Adding fuel to the anticipation, Ripple CEO Brad Garlinghouse’s legal team, along with cofounder Chris Larsen’s representatives, alerted the court about their unavailability from April 1 to April 14, 2024. With these dates in mind, speculations are rife that the trial could commence by April 20, 2024.
Recent Developments in the Case
As the crypto and legal community closely watch this case, it’s worth noting a recent twist. The SEC, not long ago, sought to appeal the July 2023 judgment against Ripple, suggesting that this verdict might significantly impact other ongoing cases. Ripple isn’t staying silent, though. They’re gearing up to deliver their official response to this motion by the start of September.
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