CandleFocus Ripple class action lawsuit moves to final judgement as XRP pumps
2024-11-15
Author: Content Editor
Ripple and its CEO, Brad Garlinghouse, have received a major win in their class action lawsuit as certain claims have moved to final judgment. This development may strengthen Ripple's ongoing case against the SEC, which has accused the company of violating securities laws. The judge's decision shortens the timeline of the lawsuit and sets the stage for a trial to begin in January 2025. If Ripple receives a favorable final judgment, it could have implications for a similar lawsuit filed by the SEC in 2020. Some speculate that the election of Donald Trump as president could lead to a settlement or dismissal of the case, as Trump has threatened to fire the SEC chair and his victory has been associated with a rise in Ripple's token, XRP.
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