The Trial Of The SEC Vs. Ripple Lawsuit Will Not Be Earlier Than April 20, 2024

Key Points:

• The SEC has shared specific court appearance dates for Q2 2024 with judges, influencing upcoming legal proceedings.
• Ripple executive’s unavailability from April 1 to 14, 2024, means the trial will likely start no earlier than April 20, 2024.
• Both Ripple Labs and the SEC are dedicated to moving forward with appeals during Q2 2024.

The ongoing legal developments between Ripple Labs and the US Securities and Exchange Commission (SEC) have revealed pertinent scheduling information for the upcoming court proceedings.

Fox Business reporter Eleanor Terrett shared a document on Twitter, disclosing a significant detail from the SEC. The commission has communicated to the judges a set of permissible and restricted court appearance dates for the second quarter of 2024.

Notably, legal representatives of Ripple CEO Brad Garlinghouse and co-founder Chris Larsen have conveyed their unavailability from April 1 to April 14, 2024, to the presiding judge. Consequently, the anticipated trial for the legal dispute is now expected to commence no sooner than April 20, 2024.

Both Ripple Labs and the SEC have expressed their commitment to proceeding with the legal proceedings during the second quarter of 2024.

While the company has presented a flexible calendar, offering its availability for proceedings at any point within the timeframe, the SEC has outlined specific constraints regarding its participation.

Formal letters addressed to Judge Analisa Torres of the US District Court For the Southern District of New York confirm the intentions of both Ripple and the SEC to advance with the appeals in Q2 2024.

This recent communication follows a court ruling on August 17, which granted the SEC’s request for an interlocutory appeal in the ongoing case against Ripple. This development followed a partial victory for both parties in the legal dispute, as ruled on July 13.

As Coincu reported, the disclosed unavailability of Ripple’s top executives coincides with a significant event in the cryptocurrency space: the anticipated Bitcoin Halving. Scheduled around the same dates, this event reduces the mining rewards on the Bitcoin network.

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