The Ripple Labs class action is taking a turn for the dramatic! With settlement talks failing, the case is now heading for a jury trial in January – a showdown that could reshape XRP's future. Here’s the breakdown:
📌 Plaintiffs’ Major Boost: The court is allowing critical testimonies from experts like Jeremy Clark and Saifedean Ammous, who argue Ripple's central role in XRP’s ecosystem. Judge Hamilton agreed with Clark’s view that Ripple heavily benefits from XRP’s distribution, marking a win for the plaintiffs.
📌 Ripple’s Defense Hit: Ripple’s key testimony by Alan Schwartz, arguing XRP isn’t an investment contract, was blocked, impacting their defense strategy. However, Ripple managed a small win by having Joel Seligman, a plaintiff expert, excluded.
📌 January Jury Showdown: This jury trial will address whether Ripple’s actions influence XRP’s value, with conflicting expert views set to clash in court. This decision could carry huge implications for XRP and the broader crypto landscape.
Meanwhile, Ripple's battle with the SEC rages on in the appeals process, making January’s trial a make-or-break moment for XRP. Buckle up for what could be a pivotal chapter in the digital asset world!
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