Ashley Prosper, an XRP enthusiast, is deeply invested in the outcome of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC), common observations on this topic, outline possible timetable for resolution and final judgment in the case.

Potential timeline for settlement and final ruling in Ripple case

According to the expert, the SEC’s final response at the remedial stage in the Ripple case will be published tomorrow, May 7. Once answered, US judge Analisa Torres is expected to make a final decision on the case, which Ashley Prosper believes will happen sometime between July and August or possibly September.

While XRP The enthusiast is confident that after this both sides will be able to file an appeal, she confirms that it will not take as much time as people expect. As such, she urged the community to keep an eye on any future appellate court decisions from now on, as a settlement could occur at any time during this time frame.

The expert also drew attention to a post by American lawyer James K. Filan, which highlighted several key dates in the legal dispute between Ripple and the regulatory authority. Filan pointed to two critical dates in the case: March 22, when the SEC filed its preliminary document, and May 6, when the agency will file its response.

Notably, during a preliminary hearing in March, the SEC argued that the payment had increased XRP sales since the complaint was filed. According to the Commission, an astonishing amount of over $729 million in unrecorded institutional sales is covered by the Summary Order. However, this is negligible compared to the inflated dollar value of XRP sales that Ripple has made since the litigation began, including billions following summary judgment, most of which appear to be institutional purchases.

The SEC also clarified this Ripple is in a good position to pay a significant civil penalty. As a result, the Commission asked the court to prohibit the company from offering unregistered XRP to institutional investors.

The SEC’s response is expected to be presented today

The case is expected to reach a pivotal point today, May 6, as the SEC is expected to file a brief in response to Ripple’s protests about the significant penalties suggested by the Commission.

The agency is seeking a civil penalty of $876.3 million, additional damages of $876.3 million and prejudgment interest of $198.15 million, bringing the total proposed fine to $1.95 billion. However, a payment company he objected motion, arguing that the SEC has failed to demonstrate the need for vindication and that any civil penalties should be restricted to a maximum of $10 million.

While experts believe the SEC is likely to stick with its stance on the exemption, there is speculation that the court may rule in the company’s favor this time.

Featured image from iStock, chart from Tradingview.com