After a surge of excitement within the Ripple community fueled by its partial victory in July against the US Securities and Exchange Commission (SEC) regarding the classification of the XRP token, a cloud of uncertainty has once again enveloped the case.
As the anticipation builds for the final verdict in the US court, indications of Ripple’s ultimate triumph remain far from clear.
In the latest unfolding of events, crucial parties in the Ripple-SEC legal battle have communicated their respective availabilities to Judge Analisa Torres, who presides over the case.
Ripple’s legal representatives have notably conveyed that the company is prepared for trial at any point in the second quarter of 2024.
Year-to-date, XRP remains up 50%, though it lost nearly all of its gains secured from the July court ruling that Ripple did not violate securities laws by selling the crypto token on public exchanges.
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