In a pivotal moment for Ripple and $XRP , the U.S. court has urged Ripple Labs, CEO Brad Garlinghouse, and key executives to pursue an alternative settlement path in the ongoing lawsuit. This unexpected development could reshape XRP's legal battle and influence its future in the market.
📜 Court's Directive: Rethink the Resolution
Ripple’s pursuit of a final judgment on class action claims has hit a roadblock. Judge Phyllis Hamilton has proposed a “voluntary dismissal without prejudice,” suggesting that claims may be refiled individually after class action appeal processes—introducing an additional layer of uncertainty.
🗓 Key Deadlines and Compliance
Ripple has until November 4 to submit an amended order or communicate its decision to decline. Notably:
Pretrial Conference: December 19, 2024
Jury Selection & Trial: January 21, 2025
Meanwhile, the SEC is pushing forward with attempts to reinstate charges against Garlinghouse and co-founder Chris Larsen, with final submissions anticipated by January 15, 2025.
🤔 Ripple's Strategic Crossroad: What's at Stake?
If Ripple opts for this alternative resolution, it might sidestep prolonged litigation—possibly mitigating market panic. However, a refusal could intensify the legal face-off, heightening volatility and uncertainty for $XRP .
With XRP’s fate hanging in the balance, Ripple’s next steps could shape the future of crypto regulation in the U.S.
$XRP Price: $0.5213 (-0.78%)
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