XRP Lawsuit Update: Ripple Scores Court Victory as Trial Date Set for January

The joint motion, filed by both Ripple and the plaintiffs, asked for final judgment on the settled class claims and a stay on the remaining claims pending appeal. The order focuses on the class action claims for unregistered securities sales, Ripple’s liability as a “control person” and California securities law violations.

So true. People will not buy, as they will see that the SEC appealed the district court's decision, in which Ripple won a resounding victory. BTC hype and the appeal will keep them away. https://t.co/fAaiv7JFHO

— Case J. Darwin (@casedarwinlaw) November 13, 2024

“The Court finds that final judgment should be entered pursuant to Rule 54(b) with regard to Plaintiff’s class claims that were resolved in Defendants’ favor,” stated the court order, further reinforcing Ripple’s position in the lawsuit.

XRP Lawsuit Timeline and January 2025 Trial Date

This is a big milestone for Ripple and could speed up the end of the lawsuit. The judge has set the trial date for January 21, 2025 and has dismissed the earlier pretrial dates. This will be for any remaining individual claims, as both sides consider options for a possible settlement.

Ripple had asked for this final judgment on the class claims to avoid a long drawn out process and to narrow the case and get clarity on the remaining claims. The court also told both sides to explore other ways to resolve the dispute which could mean settlement talks in the coming months.

Will Ripple vs. SEC Case See Similar Outcomes?

The Ripple case has implications for the SEC v. Ripple Labs case where the U.S. Securities and Exchange Commission (SEC) is accusing Ripple of violating federal securities laws. Ripple’s win could give them more confidence in their stance against the SEC as the SEC is under fire for their handling of crypto cases.

Since the #USElection2024 xxxUSD just dey dump, even una God father #XAUUSD too… So why are you still looking to catch #BUYS. Ripple effect of trump's victory alot to expect from next year.
In the main time stay safe and stay profitable 💙

— OlaFx (@Ola_Forex) November 14, 2024

The market is waiting, especially after comments from big names like former President Donald Trump who has promised regulatory clarity and wants to fire SEC Chair Gary Gensler. Legal experts and Ripple CTO David Schwartz think a dismissal or settlement is possible. Attorney Fred Rispoli says a settlement is possible but a full dismissal might be tough.

“The Ripple SEC case can be withdrawn or settled at any time,” said Rispoli. “However, a full withdrawal is unlikely; settlement appears more realistic.”

As regulatory pressure intensifies, Ripple’s recent legal gains could pave the way for more favorable rulings. With XRP’s market standing closely tied to these proceedings, investors and industry stakeholders alike await further clarity on Ripple’s path forward.

Key Points:

• Ripple scores legal win as judge grants final judgment on class claims.

• Trial set for January 2025; alternative resolutions are encouraged by the court.

• Ripple’s case with the SEC remains ongoing, with potential for settlement or dismissal.