According to CryptoPotato, the legal battle between Ripple and the US Securities and Exchange Commission (SEC) is nearing its trial phase, scheduled for April 23. Prior to the trial, both parties must comply with necessary court requirements. American lawyer James Filan revealed that the regulator filed its opening remedies-related brief and supporting documents under seal. The redacted version of the data will be presented no later than March 26.
Initially, the SEC had to file its brief with respect to remedies by March 13, but it was granted an extension on the deadline. Ripple’s opposition letter should come no later than April 22, according to the magistrates’ latest ruling. Despite their differences, Ripple and the SEC recently filed a joint letter seeking the authorities’ approval to govern sealing issues relating to the upcoming remedies-related briefing. The document proposes a schedule for redactions soon after the reply briefs are filed, allowing sufficient time for the parties to meet and confer.
The possible resolution of the case is one factor that could propel a price rally for XRP, in the event of a Ripple victory. The outcome of the trial will be closely watched by investors and the cryptocurrency community.
