In the Ripple company’s case, which has been ongoing and widely followed since December 2020, the important dates determined by Judge Analisa Torres have shaped the parties’ solution and briefing process. This legal process stands out as a development in favor of Ripple, which gained an advantage in court.
Solution Process in February
The resolution and briefing process will begin on February 12, in line with the dates determined for the purpose of finding solutions and briefing to the disputed issues between the parties. Among the issues on which no consensus could be reached during this period are XRP sales, especially to institutional investors. Ripple and the SEC have agreed to complete the discovery process on the issues they cannot agree on by February 12 and then begin the process of persuading the judges.
Deadline April 29
As the party filing the lawsuit, the SEC must prepare its opinions on XRP sales to institutional investors and submit them to the court by March 13. Ripple must submit its defense on this issue to the SEC by April 12. The deadline for the SEC to respond to Ripple’s allegations is April 29.
Fake BlackRock Fund News Impact
In addition to this legal process, another development that closely concerns the crypto community is the impact of fake news about BlackRock’s XRP fund. The news that BlackRock, which has Bitcoin and Ethereum ETF applications, has registered for the XRP fund, caused a significant increase in the XRP price. However, it was later revealed that these news did not reflect the truth and were denied by BlackRock. After the news was denied, a decline in the price of XRP was observed and XRP is currently traded at $0.66.
While the Ripple-SEC case and the developments in this process continue to be a significant source of uncertainty for the future of the cryptocurrency market, investors and industry followers continue to monitor these developments closely. As Kriptokoin.com, we will continue to follow this case, which is important in the Cryptocurrency world, closely from the very beginning and provide our readers with the latest news about the case.
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