After the filing of initial summary judgement motions on 17 September, XRPs price saw a steady climb. If there's one silver lining coming from the market's troubles today, it's that XRP's indicators are now in a position where the coin should rebound soon. It said: On 11 October, Judge Torres approved TapJets and I-Remits request to submit these briefs, giving them three days to file their documents, which were made public on 14 October and 12 October respectively. This was officially filed on 14 November. It peaked at $0.507 on 5 November, but then plummeted after the LBRY news. With the end of the lawsuit looming and the overall crypto market improving, Ripple is a coin to keep on your watchlist in 2023. Although embroiled in a legal lawsuit, the crypto has been on a positive rise recently. This would only stunt XRP's growth in the indices, making it harder . Former U.S. prosecutor James K. Filan continues to forecast the day Judge Torres will issue a final decision in the ripple litigation. A total of 16 different organisations have requested to submit briefs and the judge gave a deadline of 18 November to file these documents. It may represent the bottom of any further fall today, providing buyers with a good entry point. In October 2022, the SEC and Ripple Labs submitted motions of opposition to the counterpartys summary judgment filings. He told Capital.com: We will continue to fight this case so that the industry can get the regulatory clarity it desperately needs so that crypto innovation can flourish in the United States.. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Ripple Lawsuit: 3 Dates to Mark on Your Calendar! Ripple SEC suit decision: XRP court ruling timing and details in full Type a symbol or company name. . For instance, November saw Ripple succeed in having 14 amicus briefs including one from Coinbase filed on its behalf to the presiding court, with each presenting testimony and evidence in its favor. Former Rep. George Nethercutt Jr. fumed in an article that the action against Ripple is "a glaring example of regulatory overreach.". On the back of twin legal victories last week as part of pre-trial discovery, Ripple CEO Brad Garlinghouse and chairman Chris Larsen are asking a judge to dismiss the U.S. Securities and Exchange . Lets analyze how several factors can affect this price prediction in 2023. Do you think SEC will win the lawsuit against Ripple over XRP? BREAKING: Ripple and SEC agree to XRP lawsuit timeline The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Why Is Novavax (NVAX) Stock Up 12% Today? -6.29%. Its relative strength index (purple) has risen very close to 70 in the past few days, an indicator that the optimism surrounding the Ripple case has injected some extra buying pressure into its market. The SEC, however, is arguing that Ripple has sold its XRP token in exchange for money, which meets the Investment of Money aspect of the Howey test. But I feel very good about where we are relative to the law and the facts.". US SEC Made a 'Big Mistake' in Its $XRP Lawsuit - CryptoGlobe
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