According to CryptoPotato, Ripple has made significant strides in its ongoing legal battle with the US Securities and Exchange Commission (SEC). The conflict, which began in December 2020, centers around allegations that Ripple and some of its executives conducted an unregistered securities offering through certain XRP sales. The case has seen numerous developments over the years and entered its trial phase in April 2024.Ripple has secured three partial court victories in 2023, which many believe have given the company an upper hand. The most notable of these occurred nearly a year ago when Judge Torres ruled that Ripple’s programmatic sales to secondary trading platforms do not constitute offers of investment contracts. Following this, the court dismissed the SEC's intention to appeal the decision, and Ripple’s CEO Brad Garlinghouse and Executive Chairman Chris Larsen were cleared of all charges.Despite these victories, the final resolution of the case remains pending and could be delayed indefinitely due to the complexity of the legal process and potential appeals. However, some experts are optimistic about a near-term resolution. American lawyer Jeremy Hogan predicts the case could conclude before the end of the summer, while Fred Rispoli has suggested a probable settlement date of July 31. Ripple’s CEO Garlinghouse also expressed hope for a resolution “very soon,” though he did not confirm whether settlement talks are currently underway.The anticipation of a resolution has positively impacted the price of XRP. On July 18, the token’s price briefly surpassed $0.63, a level last seen in March, and its market cap rose above $34 billion before settling at $32.5 billion. This surge temporarily made XRP the sixth-largest cryptocurrency by market capitalization.The outcome of the Ripple v SEC lawsuit remains uncertain, but its resolution could have significant implications for the price of XRP and the broader cryptocurrency market.
