New Major Date Of Ripple vs. SEC Lawsuit Is Scheduled
A significant new date has been added to the SEC vs. Ripple legal dispute. As a result, it has been learned that on September 19, the parties will file open redacted copies of papers in support of petitions for summary judgment, only making the initial adjustments that the parties requested during the hearing and conference.
Lawyers representing Ripple and the regulator will then start a bargaining process that will last up until the end of the year.
The impending trial has been labeled an endgame by lawyer and well-known pro-XRP campaigner Jeremy Hogan. The lawyer claims that the significance of September 19 should not be understated because, on that day, both parties will reveal their cards and make the majority of their arguments.
The Ripple trial is most likely the most significant demonstration of the regulator’s current efforts to combat cryptocurrencies. The trial of former Coinbase product manager Ishan Wahi, who is charged with insider trading in what the SEC considers securities, is likely comparable to it.
Gary Gensler, the head of the SEC, gave a speech yesterday that is currently being widely discussed in the cryptocurrency community.
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