According to court documents, Ripple’s lawyers expect SEC vs. Ripple to end by August 26, so summary judgment is likely to be issued in September.
The debate over when the Ripple vs. SEC proceedings will end has been going on for months as blockchain companies risk missing business opportunities while the case prolongs and XRP holders wait for the relisting of digital assets. increase.
Ripple is proceeding with the proceedings from August 26 to November 18, according to the information contained in the joint provisions and (proposed) order to amend the proceeding schedule of the class proceedings pending in parallel with the SEC vs. Ripple proceedings. It seems that they are expecting to finish in.
The letter was filed on February 23, stating that the class proceedings will begin on August 26, but the parties have agreed to begin on November 18, 2022.
“Because of the de facto and legal overlap between this proceeding and the SEC proceedings, it is efficient for both parties to precede certain aspects of the SEC proceedings to a particular deadline in this proceeding. I agree that doing so may reduce the burden on the parties, streamline the findings in this case, and reduce the burden on the court by narrowing down the issues in dispute, “King & Spalding LLP said. A document submitted by Suzanne E. Nero, a lawyer in the United States, states.
The argument is that SEC vs. Ripple is a simultaneous proceeding involving many of the same de facto and legal questions in question in the case. There is “efficiency” in allowing the XRP proceedings filed by the SEC to “precede this proceeding”.
Court documents suggest that Ripple’s lawyers expect SEC vs. Ripple to end by August 26.
“Ripple believes it won the SEC proceedings in September / October, and I think the class action has since disappeared due to a” estoppel “. , Hogan comment..
It’s true that Ripple executives have said they won’t give in to the SEC, but the fact remains that the settlement is the statistically most likely outcome of the XRP proceedings.
Hogan recently shared a document outlining some of the rules that the SEC and Ripple will follow, including a settlement negotiation 14 days after the end of the facts disclosure.
The last settlement discussion that took place a few months ago was not fruitful. The next most likely settlement time is arbitration, Hogan said.
What could support Ripple is the fact that Judge Sarah Netburn, who saw all the documents on the camera, will host the mediation.
“She knows exactly what’s in the email, etc. If I’m right in that the SEC is the child in question here, that could make a big difference. A good mediator , Sometimes miracles can happen. “
XRP community friendly lawyer is his The best guess is that the settlement may come in April or May.
