Court Accelerates Resolution in Landmark XRP Case
In a pivotal development for In re Ripple Labs Inc Litigation, the U.S. District Court has granted an order to expedite final judgment. This decision responds to a joint motion by both parties, signaling the potential conclusion of the protracted legal battle over XRP’s regulatory status.
Key Details of the Expedited Judgment Order
- No Delay for Class Claims: The court affirmed that resolved class claims eliminate grounds to postpone judgment.
- Finality Clarification: Plaintiffs sought an explicit judicial finding to prevent ambiguity about the judgment’s binding effect.
- Stay on Pending Claims: One claim remains stayed pending appeals, with parties required to file a joint motion to lift the stay within 30 days of appeal resolution.
👉 Explore how this ruling impacts XRP’s future
Ripple Secures Legal Victories Amid Market Rally
Judge Phyllis Hamilton’s order confirms judgments favoring:
- Ripple Labs
- XRP II LLC
- CEO Brad Garlinghouse
Concurrently, Ripple submitted detailed litigation cost documentation, including:
- Bill of costs
- Declaration by Litigation Director Ana Guardado
- 65 exhibits outlining legal expenses
Timeline and Next Steps
- Trial Date: January 21 (pretrial dates dismissed)
- Appeal Resolution: New deadlines post-appeals
Parallels to Ripple vs. SEC Case?
Analysts note striking similarities between this class action and Ripple’s ongoing SEC lawsuit:
| Factor | Class Action Lawsuit | SEC Lawsuit |
|----------------------|----------------------------|----------------------------|
| Core Issue | XRP investment losses | Securities classification |
| Recent Development | Expedited judgment | Potential 2025 resolution |
| Market Impact | XRP price surge (+200%) | Regulatory clarity hopes |
👉 What’s next for XRP after this legal milestone?
XRP Price and Market Sentiment
- Current Price: $1.5 (+30% weekly)
- Analyst Prediction: Elliot Wave theory suggests $13 target
- Trading Volume: 15% decline despite bullish momentum
FAQ: Your Top Questions Answered
Q: Does this order mean Ripple fully wins the lawsuit?
A: Not yet—one stayed claim awaits appeal resolution, but the majority of claims are resolved.
Q: How does this affect XRP’s regulatory status?
A: While positive for Ripple, broader regulatory clarity hinges on the SEC case outcome.
Q: What’s the significance of the bill of costs?
A: It details Ripple’s legal expenses, potentially influencing future settlement negotiations.
Conclusion: A Turning Point for XRP
This accelerated judgment marks a critical juncture for Ripple and XRP holders. With the SEC case potentially concluding in 2025, the crypto community watches closely as legal victories coincide with XRP’s market resurgence.
Disclaimer: This content reflects market conditions and author analysis—conduct independent research before investing.