The legal proceedings between Ripple and the SEC are scheduled to open on April 23, and the result may affect the value of XRP
The Ripple vs. SEC XRP lawsuit is scheduled for trial on April 23rd, with Ripple securing three partial victories since 2023. The final decision may be delayed until 2026, which could have a significant impact on the value of XRP. The SEC accuses Ripple of illegally raising $1.3 billion through unregistered securities, while Ripple argues that its tokens are currencies not under the jurisdiction of the SEC. The start of the trial does not necessarily mean a resolution this year; the final judgment may come in summer 2024 or be postponed to 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Lucid (LCID.US) stock price surged over 12%! CEO announces completion of restructuring advisor collaboration, roadmap to profitability emerges
The CEO of Lucid Group Inc. stated that the electric vehicle manufacturer has completed its collaboration with a restructuring advisory team, indicating that the troubled company now has a clearer path to turn around its operations.
Gundlach Warns Next Recession Could Trigger Treasury Debt Crisis
Australian Dollar finds a floor as Oil retreat loosens USD’s grip
US 30-year mortgage rates soar to 7%! Real estate market woes intensify
According to Mortgage News Daily, the average 30-year fixed mortgage rate in the United States rose sharply to 7.24% on September 16, up 27 basis points from 6.97% a week earlier. On September 17, the rate slightly eased to 7.19%, but still remained significantly above the 7% threshold. Currently, existing homeowners in the U.S. face the dilemma of "losing their low-interest loans if they sell", leading to weak willingness to sell, high property prices, and a worsening housing market situation.