Ripple vs. SEC: Fresh date scheduled as parties will go public.

The parties will file open edited types of briefs in favor of the proposals for summary judgment.
The process of negotiation will start at the end of 2022.

The legal action of the Securities and Exchange Commission (SEC) of the United States and Ripple has gained a new twist and a crucial new date. Therefore, it was revealed on September 19 that the parties would file open edited types of briefs in favor of the proposals for summary judgment, making only those primary changes that the parties asked for in the meeting and conference.

After that, by the end of 2022, the process of negotiation will start, in which lawyers for Ripple and the manager will talk about and amend the briefs. Jeremy Horgan, an attorney and famous pro-XRP activist titled the forthcoming trial an endgame. As per the lawyer, the significance of September 19 should not be underrated because, on that day, both sides will put bare their cards and show something of what they have.

Circle September 19 as the day we get to see (most of) the cards the parties are holding!
Ripple v. SEC
The endgame. It's getting me excited (I'm weird like that). https://t.co/hQgIm504sw
— Jeremy Hogan (@attorneyjeremy1) September 8, 2022

The Ripple trial is possibly the most important revelation of the regulator’s hunt for cryptocurrencies currently. On a level with, it is possible the trial of ex-Coinbase product manager Ishan Wahi alleged of insider trading in what the Securities Exchange Commission allows securities.

Simultaneously, the crypto world is breathlessly talking about the speech of the head of SEC, Gary Gensler, on Thursday. The head stated that the crypto market is simply constant with securities law, and many cryptocurrencies now come under the regulatory apprehension of the SEC. Gensler also showed support for a bill that will provide the CFTC fault of BTC and ETH.

1) I'M NOT A REGULATOR, THIS IS NOT LEGAL ADVICE
but:
my current best guess is consistent what @GaryGensler says: that the CFTC will regulate spot + futures for non-security tokens, and the SEC will regulate spot + issuance of tokens that are securitieshttps://t.co/c96a8Sm5mm
— SBF (@SBF_FTX) September 8, 2022

The crypto industry is fragmented here. On the other hand, FTX creator and CEO Sam Bankman-Fried admitted Gensler’s viewpoint. At the same time, the creator of CryptoLaw and a popular XRP enthusiast, John Deaton, stated that the official is gradually transforming his oratory because of more stricter rules of the crypto market.

Source: https://www.thecoinrepublic.com/2022/09/10/ripple-vs-sec-fresh-date-scheduled-as-parties-will-go-public/