- XRP is making its way back to the top cryptocurrencies by market size.
- The SEC and Ripple will follow a few rules, including a settlement talk for 14 days.
It’s been a long time now since Ripple v. SEC went to trial, and XRP investors are still waiting for a positive result, which might cost the blockchain startup new prospects.
According to facts presented in a joint agreement and proposed order adjusting the case timeline of a current class action parallel to the SEC v. Ripple litigation, Ripple seems to anticipate the lawsuit to finish between August 26 and November 18. According to the letter, the class-action case will get underway on August 26, although the parties have agreed to begin on November 18, 2022, which was filed on February 23.
A Settlement of XRP Lawsuit Expected
Meanwhile, XRP is making its way back to the top cryptocurrencies by market size as the court case seems to have a clearer path. Ripple is being sued for allegedly offering the token as unregistered securities, which is at the heart of the claim. This resulted in a long-term pattern of decline.
Even though Ripple executives have stated that they will not cave into the SEC’s demands, a settlement of the XRP lawsuit is the most likely outcome. The SEC and Ripple will follow a few rules, including a settlement talk 14 days after the end of fact discovery, according to a document recently shared by attorney Hogan.
After a few months of negotiations, the final settlement conversation proved unsuccessful. Hogan predicted that mediation would be the next best option for reaching an agreement. The fact that Judge Sarah Netburn, who has seen all of the papers in camera, will preside over the mediation might work in Ripple’s favor.
