Ripple and the US Securities and Exchange Commission (SEC) are preparing for a jury trial in 2024 regarding the lawsuit filed by the SEC against Ripple, CEO Brad Garlinghouse, and co-founder Christian Larsen. The lawsuit accuses Ripple of unlawfully offering and selling the XRP cryptocurrency as an unregistered security. The court granted Ripple’s motion for summary judgment on certain sales but rejected it on institutional sales. The SEC’s motion for summary judgment on the aiding and abetting claim was denied. The trial could have significant implications for the regulation and treatment of digital assets.
AI Sentiment: Neutral
