TL;DR
The Ripple v. SEC case over XRP’s legal status nears its trial on April 23, following a joint letter regarding trial preparations.
The lawsuit’s resolution could be crucial for XRP’s price, with previous legal victories for the company prompting notable surges.
The lengthy legal battle between Ripple and the United States Securities and Exchange Commission (SEC) is nearing a grand trial (scheduled for April 23), which seems to be the final chapter of the dispute.
Recall that the lawsuit was launched in December 2020 when the regulator accused the company of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. Ripple has stood behind the thesis that its native token is a currency rather than a security and, thus, does not fall under the SEC’s jurisdiction.
Prior to the trial, the entities must comply with certain court rules. Not long ago, the watchdog was granted an extension on the deadline to provide essential data relate
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