CryptoLaw founder John Deaton details scenario that might lead to 99.9% win for Ripple in SEC lawsuit
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As the Ripple SEC lawsuit progresses, the next key date could be Nov. 9, 2023, when the parties are expected to jointly propose a briefing schedule about remedies. The SEC and Ripple are likely to meet before this date to discuss a potential briefing schedule for which remedies are appropriate against Ripple for Section 5 violations related to its institutional sales of XRP.quells two"unpopular" opinions.
It should be recalled that on Oct. 23, an order was signed officially by Judge Torres dismissing the case against Ripple executives Brad Garlinghouse and Chris Larsen.The voluntary dismissal obviates the need for the scheduled trial on the claim against the Ripple defendants and thus moots an earlier scheduling order, which included that the SEC and Ripple discuss settlement before the pretrial conference.
Also, chances of an IPO are slim, as the SEC must approve Ripple's S-1 before going public, which may not happen at the moment due to the ongoing lawsuit.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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