The XRP price prediction remains neutral as investors remain uncertain about the ongoing Ripple vs. SEC battle. Since both Ripple and the SEC have filed requests for summary judgment, it has been widely assumed that they have entered the final stages of their legal battle and that a resolution is just a matter of months away.
If confirmed, this hypothesis will significantly boost the XRP price, possibly pushing it over the current all-time high of $3.40 in the coming months. Let's take a quick look at the Ripple vs. SEC lawsuit.
On September 29, District Judge Torres rejected the SEC's objections and ordered the agency to hand over the Hinman records. Judge Torres' order regarding the Hinman documents claims that the SEC missed the October 13 deadline to file its application for reconsideration of Judge Torres' order. According to the latest information, this has not yet been submitted.
Earlier, James K. Filan had hinted that the SEC could utilize various procedural maneuvers to further postpone the publication of the Hinman documents. The SEC might ask Judge Torres to certify an appeal of the verdict if it chooses to forego the petition for reconsideration, which was due on October 13.
Jeremy Hogan claims that the deadline to file an appeal of a judge's judgment is 60 days after receiving notice of the decision. Alternatively, the SEC could file a petition for a writ of mandamus with the Court of Appeals.
According to Filan, the SEC may pursue one or more of these strategies, adding another two or three months to the process. Although the XRP community hasn't given up hope, they are still waiting for the Hinman documents to be made public.
The private charter plane firm TapJets and the payment provider I-Remit have
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