Ripple Labs has achieved a significant victory in the ongoing XRP lawsuit as a U.S. court has granted a motion to expedite the issuance of a final judgment. This decisive action marks a pivotal step toward concluding a protracted legal battle that has significantly affected Ripple and its digital currency, XRP. The decision is anticipated to have a substantial impact on the trajectory of Ripple’s future operations.
Court Moves for Faster Resolution
In a strategic advancement for Ripple, the recent court ruling has modified a prior decision, setting the stage for a swifter resolution. According to the latest court filings, Ripple and the plaintiffs have mutually agreed that delaying the judgment is unnecessary, as the majority of class claims have already been settled. However, the court also approved Ripple’s request for an amended judgment to address lingering uncertainties regarding the case’s finality. While the judgment progresses, a single claim for relief against Ripple remains deferred until the appeals process is fully completed.
Both parties are expected to submit a motion to lift the stay within 30 days following the resolution of appeals. In conjunction with these proceedings, Ripple has filed comprehensive litigation cost records, underscoring the extensive efforts involved in its legal defense. This move not only reflects Ripple’s commitment to resolving the case but also highlights the significant resources allocated to navigate this complex legal landscape.
Ripple Vs SEC Lawsuit Timeline
This recent triumph follows Ripple’s earlier successes in its legal confrontation with the SEC, a case that continues to influence regulatory discussions across the United States. Pro-XRP attorney Jeremy Hogan has projected that the SEC case might reach its conclusion by mid-2025, particularly if there are changes in leadership at the SEC. Ripple’s leadership remains hopeful, viewing these legal victories as a robust foundation for future growth and expansion.
The expedited judgment in the XRP lawsuit not only demonstrates Ripple’s progress but also has the potential to set a precedent for other cryptocurrency-related legal cases. As Ripple navigates these challenges, the company’s strategic maneuvers may significantly impact the broader crypto industry, paving the way for more definitive regulatory guidelines.
Ripple’s XRP Seeing Surge
Recently, XRP experienced a notable surge, reaching a three-year high of $1.63 following the announcement that SEC Chair Gary Gensler intends to resign on January 20, coinciding with the commencement of President-elect Donald Trump’s second term. Although the price has since adjusted to $1.46, XRP has still recorded an impressive 30% increase over the past week.
Market analysts maintain a bullish outlook, with some predicting that XRP could potentially reach its previous all-time high of $3.38 before the year concludes. This optimism is fueled by Ripple’s strategic victories in the legal arena and the anticipated regulatory changes that may follow. As XRP continues to gain momentum, the cryptocurrency’s performance is closely watched by investors and industry experts alike, who are eager to see how Ripple’s advancements will influence the crypto market at large.
