Federal judge suggests Q2 2024 trial for SEC case against Ripple execs

The judge managing the civil case of the United States Securities and Exchange Commission (SEC) against Ripple Labs plans to set up a jury trial beginning in the second quarter of 2024. In an Aug. 9 filing in the U.S. District Court for the Southern District of New York, Judge Analisa Torres stated the court would be progressing with plans for a jury trial for Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen. The judge offered a deadline of Aug. 23 for prosecutors and defense attorney to submit blackout dates for the trial however intended for a start date in between April 1 and June 30, 2024. Aug. 9 filing in the U.S. District Court for the Southern District of New York. Source: PACERTorres was responsible for ruling that the XRP (XRP) coin was not a security in regard to programmatic sales on digital possession exchanges. The court choice was not a final decision in the SEC v. Ripple case, and the blockchain company, Garlinghouse and Larsen may still be found responsible for other violations.Coinbase, facing its own lawsuit from the SEC, mentioned Torres choice on XRP in a movement to dismiss on Aug. 4. A various judge supervising the regulators case against Terraform Labs mainly turned down the Ripple case ruling in a different motion to dismiss on July 31. Related: SEC mean potential attract XRP ruling from Ripple Labs lawsuitThe SEC submitted its lawsuit versus Ripple and the two executives in December 2020, triggering numerous exchanges to delist XRP– most likely to avoid comparable legal entanglements. However, in the wake of Torres judgment on July 13, many companies have actually already relisted the token or stated they were checking out the possibility of doing so.A number of prominent figures in the crypto area deal with civil or criminal charges in the United States. The SEC is currently pursuing civil cases versus Coinbase and Binance, and both previous FTX CEO Sam Bankman-Fried and former Celsius Network CEO Alex Mashinsky were apprehended on criminal charges for apparently defrauding customers.Magazine: XRP is not a security, Celsius CEO jailed on criminal charges, and more: Hodlers Digest, July 9-15

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