The Ripple vs. SEC legal battle intensifies as the June 16 court deadline approaches, casting uncertainty over XRP’s regulatory future and market stability.
Market participants remain cautious amid ongoing litigation, with exchanges and investors closely monitoring developments that could redefine crypto regulatory frameworks.
“20 days later, no refile yet by SEC and Ripple in district court, and the June 16 deadline for the status update in the 2nd Circuit looms large.” — Fred Rispoli, Pro-XRP Attorney.
Ripple and SEC face a critical June 16 deadline impacting XRP’s regulatory status and market volatility amid ongoing legal proceedings.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
The upcoming June 16 deadline set by the U.S. Court of Appeals for the Second Circuit demands a formal status update from both Ripple Labs Inc. and the Securities and Exchange Commission (SEC), marking a significant procedural milestone in their protracted legal dispute. This update is expected to clarify whether the parties have reached any form of agreement or if the litigation will proceed to further stages. The outcome of this deadline holds substantial implications for Ripple’s regulatory landscape, potentially influencing how XRP is classified under U.S. securities laws.
The case has drawn considerable attention due to its potential to establish precedent for how cryptocurrencies are regulated in the United States. Ripple CEO Brad Garlinghouse and legal representatives remain central figures in navigating this complex environment. Attorney Fred Rispoli, a vocal supporter of Ripple, emphasized the importance of this deadline, noting the absence of any refiled motions by either party, which maintains a heightened level of suspense among stakeholders.
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Source: https://en.coinotag.com/ripple-and-sec-face-june-16-court-deadline-amid-ongoing-legal-uncertainty-impacting-xrp-market/