The biggest hurdle behind the XRP price slump is the Ripple vs SEC case, whose end date is approaching. A U.S. Court of Appeals has taken a significant shift in the XRP lawsuit, granting a joint motion from both parties. With that, the experts claim the end is near and the lawsuit could close anytime soon. Let’s discuss this.
Ripple vs SEC Case End Dates Near as SEC Pauses the XRP Lawsuit
According to the CoinGape blog, a U.S. Court of appeals has put a 60-day suspension on the Ripple vs SEC case proceeding. The court has granted a joint motion from both parties, which they requested last week, citing that a provisional settlement near the XRP lawsuit completion could resolve the remaining appeal.
With the proposed agreement in March, Ripple will only pay $50 million in penalties, and he rest of the $75 million will be returned to them based on the SEC and district court’s decision. However, the settlement process is delayed. Experts believe they are waiting for Paul Atkins to jo
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