The latest news on the Ripple vs. SEC case: Crucial XRP brief has been submitted

SEC Files Opening Brief in Ripple Legal Battle Over XRP Sales

In the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC), the SEC has taken a significant step by filing its opening brief concerning institutional XRP sales. This move marks a crucial development as both parties await the final decision from the court.

Legal expert and commentator James K. Filan shared the news on March 23, noting that the SEC submitted its opening remedies-related brief and supporting documents on March 22. However, these documents remain sealed for now, with the SEC set to release public, redacted versions by March 26, 2024.

Following this submission, Ripple is required to present its opposition brief by April 22, 2024, with the SEC expected to reply by May 6, 2024. These deadlines come amidst ongoing efforts to determine the damages Ripple must pay, following Judge Analisa Torres' ruling in July 2023.

SEC Granted Extension in Ripple Case: Impact on Legal Proceedings and XRP Price Predictions

In recent developments, the SEC requested an extension for the deadlines, providing Ripple with additional time to file its opening brief. This request was granted by the Judge, further extending the timeline of the legal proceedings.

The crypto community closely monitors developments in the Ripple-SEC case, eagerly anticipating its resolution. Meanwhile, observers analyze Ripple news and XRP lawsuit updates for insights into the case's progress and potential impact on XRP price predictions.

As of March 25, the price of XRP stands at $0.63, showing marginal fluctuations over the past 24 hours and modest gains over the previous week and month, according to data from Tradingview.