In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), Ripple has secured a victory as a federal judge dismissed the SEC’s intention to appeal a ruling made in mid-July regarding Ripple’s XRP sales. The lawsuit is scheduled for trial in April 2024 and the outcome is expected to have significant implications for Ripple and cryptocurrency regulations in the United States. The trial could last for eight weeks or longer, with pre-trial motions expected to be filed in December 2023 and rulings anticipated in early 2024. The legal battle may continue with potential appeals to the 2nd Circuit Court of Appeals and even the Supreme Court, potentially extending the resolution of the case until 2027 or later.
AI Sentiment: Neutral