Ripple-SEC Lawsuit Drags on, Trial Now Pushed to 2024 with Uncertain Date
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The SEC vs Ripple Labs lawsuit alleging Ripple sold unregistered securities is still ongoing after 3 years, with a trial date for 2024.
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Most of the SEC's allegations have already been dismissed, but charges regarding institutional investors remain.
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The April 2024 trial date has been postponed indefinitely pending final pretrial procedures and witness availability.
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The trial could start in summer 2024, with assumptions it may take the second half of 2024 to complete due to complexity.
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The outcome will set precedents on crypto regulation that impacts the broader crypto market beyond just Ripple and XRP.