XRP News: In a contemporary improvement within the Ripple lawsuit, Judge Analisa Torres on Wednesday mentioned the Southern District Court of New York will search to schedule a jury trial for the case within the second calendar quarter of 2024. In this regard, Judge Torres has ordered the patties, Ripple and the US Securities and Exchange Commission (SEC) to submit blackout dates for trial by Wednesday, August 23, 2023. The improvement follows the July 13, 2023 ruling that mentioned the retail sale of XRP tokens don’t quantity to securities, in a significant win for the token holders.
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On Wednesday, Judge Torres issued a pre-trial scheduling order that mentioned the Court desires to schedule a jury trial for the second calendar quarter of 2024. This may very well be an enormous improvement at a time when the crypto market has been anticipating an attraction request from the US SEC. The pretrial scheduling order may imply that the Summary Judgment will maintain to be establishment till the second quarter of 2024 and additional until the time the company doesn’t search an interlocutory attraction.
What Judge Analisa Torres Said In The Order
The Judge said within the order the Court will search to schedule a jury trial for the second quarter of 2024 and that each events ought to submit blackout dates for trial by August 23, 2023. Further, the 2 sides ought to submit all of the pretrial information, and are open to submit motions in limine, which consult with motions earlier than the trial begins, by December 4, 2023. After the submissions, the Court mentioned will schedule a remaining pretrial convention date as soon as the trial date is finalized.
As of writing, Stuart Alderoty, the Chief Legal Officer at Ripple, is but to touch upon the Judge’s order. Meanwhile, it stays to be seen if the XRP price would flip bullish within the lead as much as the trial date in 2024.
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