a pre-trial scheduling order on 9 August“The Court will seek to schedule a jury trial for the second calendar quarter of 2024.”an in-depth response to the partial win it had secured against the SEC on 13 July. The report mentions that the SEC’s lawsuit against Ripple was misguided and a “quest for political power.”
The token has lost all the gains it achieved in the aftermath of the judgement. At press time, it was trading at $0.5069. However, the split judgement could lead to an ambiguous understanding about the status of XRP and other cryptocurrencies. “Overall, the outcome of the SEC lawsuit against Ripple is uncertain, and it is difficult to predict exactly how it will affect XRP’s price in the short and long term. Investors should carefully consider the potential risks and uncertainties involved before making any investment decisions.”
In 2020, XRP’s price remained relatively stable in the first half of the year, hovering between around $0.15 and $0.25. However, in December 2020, the U.S. Securities and Exchange Commission announced a lawsuit against Ripple, claiming that XRP was an unregistered security. This caused XRP’s price to drop sharply, falling to around $0.17 by the end of the year.