Ripple vs. SEC Update: Upcoming Deadlines in XRP Lawsuit

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A lot has been going on in the current legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC). Important dates and events have set the course for what’s to come.

Ripple has until April 23 to finish and send in its official response to the SEC’s legal arguments. It will then be shared on April 24, along with a version of the answer that hides private information from the public. This action is part of ongoing court steps meant to keep trade secrets and confidential business data from getting out to the public.

When it comes to Ripple’s comments, the SEC has until May 7 to make its case. A version of these papers with some details hidden will be made public the next day, May 8.

– Ripple should file and edit its response to the SEC's document by 23 April, and then release a censored version to the public on 24 April.
– The SEC needs to submit its replies to Ripple's response and discuss any amendments by 7 May before releasing a censored version to the… https://t.co/1sGwh5VLP5

— PandaRippleXRP (@RipplePandaXRP) March 20, 2024

Both sides have agreed to ask that papers about the remedies part of the case be kept secret. The due date for entry is May 13. This part of the legal process is about talking about what Ripple might have to do or what consequences they might face if the court rules against them. People who are interested besides the SEC and Ripple have until May 20 to object to this request for privacy.

Meanwhile, the price of XRP has been on a rollercoaster ride, along with the rest of the crypto market. After a recent dip to $0.56, breaking a key support level at $0.58, investors are anxiously watching these support levels as they are essential for XRP’s potential rebound. Should the crypto manage to get back above the $0.60 mark and remain stable, it could change the current gloomy view and even go after higher support levels.

There are more parts to this case than just the back-and-forth in court. As of recently, a court decision said that Ripple had to give the SEC specific financial records and contracts with major clients. Some people may have thought that these papers would be made public, but Ripple and the SEC have devised a plan to keep them secret and only release them under a protection order.