Key Win For Ripple As Court Speeds Up XRP Lawsuit Judgment
Ripple Labs has scored a major victory in the XRP lawsuit as a U.S. court granted a motion to expedite a final judgment in the case. The move is seen as a key step toward resolving a case that has dogged Ripple and its native token, XRP, for years.
Court moves to expedite resolution
In a positive move for Ripple, the latest court ruling amends the previous ruling, paving the way for a faster resolution of the issue. according to court documentsRipple and the plaintiffs mutually agree that there is no need to delay judgment because most of the class claims have already been resolved.
However, the court also granted Ripple’s request to modify the judgment, resolving uncertainty over the finality of the case. While the judgment continues, a claim for relief against Ripple remains on hold until the appeals process is completed.
Meanwhile, both parties are expected to file motions to lift the stay within 30 days of resolution of the appeal. In addition to these developments, Ripple has also filed extensive records of legal costs, reflecting the efforts behind its defense.
Ripple vs. SEC Litigation Timeline
This latest victory follows Ripple’s earlier success in its battle with the SEC, which continues to shape regulatory discussions in the United States, with pro-XRP attorney Jeremy Hogan speculating that the SEC Case could be concluded by mid-2025especially if there is a change in SEC leadership.
Ripple’s leadership remains optimistic, viewing these wins as a solid foundation for future growth. The faster verdict in the XRP lawsuit shows Ripple’s progress and could impact other cryptocurrency-related cases.
As Ripple’s battle with the SEC unfolds, many are wondering what’s next for XRP – Read XRP Price Prediction See where the coin might go next
Ripple’s XRP surges
XRP surged to a three-year high of $1.63 late last week following news from SEC Chairman Gary Gensler Plan to step down On January 20, President-elect Donald Trump is about to begin his second term.
While the price has since fallen back to $1.46, XRP is still up 30% over the past week. Market analysts remain bullish, with some predicting that XRP could regain its previous all-time high of $3.38 before the end of the year.
FAQ
Ripple’s legal victory had a positive impact on the price of XRP, which rose by 30% in just one week to reach a 3-year high.
Pro-XRP attorney Jeremy Hogan predicted that the lawsuit could be concluded by mid-2025, depending on changes in SEC leadership.
SEC Chairman Gary Gensler is expected to leave his post in January 2025, which may affect the trajectory of Ripple litigation and market sentiment.
