. Ripple vs. Sec lawsuit He approaches the conclusion after the criminal company decision to abandon her cross appeal. Now the cryptographic commentator has drew the attention of the XRP community on July 3 as an critical date, which can be expected, because SEC also moves to abandon its dismissal.
All eyes on July 3, when the Ripple vs. process ends Sec
IN X PostCryptographic commentator Captain Redbeard said that July 3 is a moment of truth, and SEC is aimed at meeting closed on that day. He noticed that Ripple had dropped his crucifixion and that the next movement of the commission could end it all. Captain Redbeard added that if the agency warns his appeal in the Ripple vs. Sec, XRP is going to tear. Then he noticed that the changing clarity was within reach.
Bitcoinist announced that the CEO of Ripple Brad Garlinghouse announced That his company had a cross appeal. He also mentioned that SEC should do the same because they initially promised. However, it is expected that the agency will have a voting of the commissioner before he abandoned the appeal in the Ripple vs. Sec.
However, in contrast to the opinion of Captain Redbeard, former lawyer Sec Marc Fagel It explained that on July 3 there is not necessarily voting regarding the appeal. IN X PostFagel noticed that the proposed closed meeting takes place every week and that the program is confidential. Therefore, you cannot know if they will vote to abandon the appeal in the lawsuit Ripple vs. Sec at this meeting.
The legal expert also noted that voting for rejecting the appeal may take place every Thursday in the future. He added that they could also approve the exemption through a completely different mechanism.
What should be done before the claim may end
In another X PostMarc Fagel broke down what must happen before Ripple vs. Sec lawsuit It can finally end. He stated that the commission probably still had to vote to dismiss the appeal. When this happens, both parties will have to submit documents rejecting their appeals, after which the decision of the District Court enters into force.
Fagel explained that these procedures may last several weeks or more. However, it can be accelerated, so there is no set time frame. Meanwhile, he suggested it XRP community They should not hope for voting regarding the dismissal in the Ripple vs. trial. Sec, which takes place on July 3.
. Said a lawyer That it is almost certain that they will not vote for it on Thursday. He admitted that he was not initiated into a confidential program, but voting on appeal would be very unusual.
According to writing, the price of XRP is around USD 2.22, according to the last 24 hours, according to data with coinmarketcap.
A distinguished picture from Getty Images, chart from TradingView.com
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