🚨🔥 BREAKING NEWS: U.S. Court Sets High-Stakes Ripple Class Action for Jury Trial in January! 🔥🚨
The Ripple Labs class action lawsuit just escalated dramatically as the U.S. District Court issued pivotal rulings, paving the way for a major jury trial early next year! With settlement negotiations falling through, Ripple and the plaintiffs are now gearing up for a courtroom showdown that could have profound implications for XRP’s future. Here’s the latest:
📌 Significant Wins for Plaintiffs: The court upheld expert testimonies from Jeremy Clark and Saifedean Ammous, who argue that Ripple has played a major role in shaping XRP’s ecosystem. Clark’s stance—that Ripple primarily benefits from XRP’s distribution—was accepted by Judge Hamilton, despite Ripple’s objections.
📌 Ripple’s Defense Strategy Weakened: Ripple’s attempt to present Alan Schwartz’s testimony, which claimed XRP is not an investment contract, was blocked, dealing a blow to Ripple’s defense. However, Ripple scored a minor victory with the exclusion of plaintiff expert Joel Seligman, keeping the legal dynamics intriguing.
📌 Jury Trial Set – Conflicting Expert Views to Be Presented: Come January, a jury will evaluate both Ripple’s and the plaintiffs’ perspectives on Ripple’s influence over XRP’s market price, addressing the critical question of whether Ripple’s actions affect XRP’s value.
And it doesn’t end here—Ripple’s separate battle with the SEC is also heating up, now moving into the appeals process. With the legal storm surrounding Ripple intensifying, January’s trial could be a defining moment for the future of XRP and its place in the digital asset landscape. Stay tuned!
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