XRP Lawsuit Update: Court Fast-Tracks Ripple Case Final Judgment

Ripple Labs has reached a pivotal moment in its prolonged legal dispute. A U.S. court recently granted its request to accelerate the final judgment in the XRP lawsuit. This decision signals significant progress in resolving a case with far-reaching implications for Ripple and its digital asset, XRP.

The court’s latest ruling modifies an earlier decision, paving the way for a quicker resolution. According to filings, both Ripple and the plaintiffs agreed to avoid further delays, emphasizing that most class claims have already been addressed.

In addition, Ripple’s request for an amended judgment was approved to address outstanding uncertainties regarding the case’s finality. Despite these advancements, one specific claim remains unresolved and will depend on the outcome of the appeals process.

To expedite matters, both parties have committed to filing a motion to lift the stay within 30 days following the resolution of the appeals. Ripple has also submitted detailed records of its legal expenses, showcasing the extensive resources dedicated to defending against the allegations.

Ripple vs SEC Lawsuit

This development follows Ripple’s previous victories in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The case, which has garnered significant attention, continues to shape discussions on cryptocurrency regulation in the United States.

Jeremy Hogan, a pro-XRP lawyer, has suggested that the lawsuit against the SEC could be fully resolved by mid-2025, potentially influenced by changes in SEC leadership. Ripple’s executives have expressed optimism, viewing these legal victories as a foundation for advancing the company and the broader digital asset industry.

The expedited judgment is a critical milestone that could set a precedent for similar cases within the cryptocurrency sector. It also reflects Ripple’s steady progress in overcoming regulatory challenges that have previously hindered its growth.

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XRP’s Price Action and Market Outlook

The legal momentum has positively impacted XRP’s market performance. Recently, XRP surged to a three-year high of $1.63 following reports that SEC Chair Gary Gensler will step down on January 20, coinciding with the beginning of President-elect Donald Trump’s second term.

Although XRP has since retraced to $1.5, the cryptocurrency has recorded a substantial 15% gain over the past week. Market analysts remain optimistic, with projections indicating that XRP could surpass its all-time high of $3.38 before the year ends.

Ripple’s achievements in court and the anticipation of regulatory clarity, are expected to strengthen investor confidence in XRP. As the company moves closer to resolving its legal challenges, the implications for the broader cryptocurrency market will be significant.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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