New Development in Ripple Case!

New dates have been set in the second hearing of the ongoing lawsuit between Ripple and SEC.

There has been a new development in the Ripple case. The first hearing within the scope of the lawsuit between them and the SEC took place on February 22nd. With the petitions filed after this hearing, Ripple demanded the dismissal of the case, stating that the SEC was at fault. Now, Ripple's lawyer, James K. Filan, announced the new developments and the dates set for the case. James K. Filan shared the documents the SEC sent to the court and cited the dates when the parties' defense requests for rejection would be submitted.   New Dates Have Been Announced The SEC announced in recent months that it has formally sued Ripple. As part of this lawsuit, the SEC accused Ripple and its CEO, Brad Garlinghouse, and co-founder Chris Larsen of selling $ 1.3 billion of unrecorded securities through XRP. In addition, according to the SEC, XRP has been viewed as a securities since the day it was launched. At the first hearing of the case, which took place on February 22, Ripple requested the dismissal of the case. Ripple also demanded that the case be dismissed, saying that the SEC was at fault with the petitions filed after the hearing. After these developments, the SEC made critical statements, noting that Ripple's defenses in the refusal petitions were "unlawful". Now, Ripple's lawyer James K. Filan explained the latest developments in the Ripple case. The lawyer explained that the two sides agreed on some dates regarding the course of the case. In this context, Ripple CEO and first co-founder Chris Larsen will plead for dismissal of the case on April 12. The SEC will make its announcement in this context on May 14. As a result, defendants have until June 4th to respond to SEC's arguments.   Case May Last Until June It appears that the case may continue until June as of now. However, regardless of these dates, the case can be resolved with an agreement that can be concluded between the two parties. The opinions of the leading names of the market are in this direction. Investors and experts think Ripple will reach an agreement with the SEC and evaluate the possibilities in this context. It is known that some crypto money projects that have faced the SEC in the past also prefer to deal with the regulator.