Ripple and the SEC is back on the agenda with a new hearing that will take place on February 20. The crypto world is following this special hearing with great interest as it could bring a definitive decision to end the intense legal battle that has been going on for two years. This hearing marks the end of the long-running discovery process in the case and sets the stage for future legal developments.
Ripple and SEC Case: End of Discovery Phase
The hearing on February 20 could be an important turning point in the Ripple and SEC case. The discovery process is a legal procedure that allows parties to gather necessary evidence from each other before trial. This process proceeds through methods such as taking statements, document requests and reviewing objections.
The approach of the new trial marks a time when a decisive decision is expected that could conclude the case in Ripple’s favor. With the discovery process completed, the parties are expected to present their legal arguments in March and April, followed by a court decision that could include certain corrective measures for Ripple.
with @StandardCustodywe’ll be able to improve existing product offerings for our customers, as well as explore new products and use cases, all in a fully compliant way.
NEWS CONTINUES BELOWTo date, @Ripple has secured: ✅ nearly 40 US money transmitter licenses, ✅ MPI license from MAS, and ✅… https://t.co/0BrAWjBmhM
— Brad Garlinghouse (@bgarlinghouse) February 13, 2024
NEWS CONTINUES BELOW
Despite its legal battle with the SEC, Ripple continues to sign important corporate collaborations. The company acquired Standard Custody & Trust Company to expand its operations in the United States and has taken steps to establish global partnerships that could increase the value of XRP. Ripple has launched various ventures with institutions such as HSBC, BBVA and Zodia and has obtained important licenses such as a payment institution license from MAS and a VASP registration from Ireland to operate in major markets.
