There has been a new development in the legal struggle between Ripple and the SEC that has been going on for years.
At this point, Ripple and the SEC agreed to keep documents about the solutions to the case confidential.
Ripple and the SEC filed a joint settlement offer with the United States District Court for the Southern District of New York.
The parties also proposed changes to the schedule for filing and public disclosure of court documents and presented a schedule:
According to the presented schedule, “March 22: The SEC will file its summary, statements and exhibits regarding the opening resolutions under seal. March 25: The parties will meet and discuss to determine the amendments. March 26: The SEC will submit the public version of the opening summary. April 22: Ripple will file its objection brief and supporting documents. April 24, 2024: Ripple will file a publicly available, redacted version of its objection brief. May 6: SEC will file its objection response brief under seal. May 8, 2024: SEC will file all supporting documents not classified as Confidential or Top Secret. will provide a publicly available, redacted version of the response summary along with the documents.”
As new developments continue to emerge in the case between Ripple and the SEC, the XRP price follows an up-and-down trend along with the rest of the crypto market. With the recent decline, XRP dropped to $0.56.
*This is not investment advice.