XRP News: Crypto Law Highlights 3 Points Skipped in Ripple Lawsuit Trial
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In the ongoing Ripple-SEC legal battle, new insights have emerged that shed light on crucial aspects that won’t be part of the trial.
Key Developments in Ripple-SEC Lawsuit
In a significant update regarding the Ripple-SEC lawsuit, a pretrial scheduling order has been issued by Judge Torres, outlining pivotal details for the trial ahead.
However, the court’s decision indicates that a jury trial is anticipated for the second quarter of 2024. Perhaps, the key upcoming dates include the submission of blackout dates for the trial by August 23, 2023, and the presentation of motions and oppositions by December 4 and 18, resp.
Additionally, by December 4, the parties are expected to deliver necessary pretrial filings and the requested documentary exhibits to the court. While the scheduling of a final pretrial conference date hinges on the trial date determination.
But what’s especially interesting is the thing that won’t going to be part of this trial.
CryptoLaw Highlights the three things which are not going to trial
Perhaps the CryptoLaw, founder attorney John E. Deaton took to Twitter to provide enlightening “fact checks” to clarify these exclusions.
Initially, it’s important to note that Ripple’s overall existence won’t be under examination during the trial.
Additionally, Judge Torres’ previous ruling that designated XRP as non-security won’t be revisited.
Lastly, the trial will solely address specific factual disputes and won’t delve into matters of law.
The remaining contentious issues are tied to allegations against Ripple executives Chris Larsen and Brad Garlinghouse. The SEC’s recent request for an interlocutory appeal and a stay of proceedings during the appeal process has added a new layer to this legal saga.
Looking at this fact check, pro-ripple lawyer Jeremy Hogan has weighed in on the SEC’s actions, noting that the appeal isn’t centered around classifying XRP as a security, but rather focuses on programmatic and individual sales issues.
Overall, this new insight underscores the complexity and evolving nature of the Ripple lawsuit.
Read more: https://coinpedia.org/news/xrp-news-cryptolaw-highlights-3-points-skipped-in-ripple-lawsuit-trial/
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
