Ripple Labs has secured a major victory in the XRP lawsuit as a U.S. court approved a motion to expedite issuing a final judgment in the case.
Court Moves for Faster Resolution
In a positive move for Ripple, the latest court ruling amended an earlier decision, paving the way for a faster resolution. Both parties agreed there was no need to delay the judgment, as most class claims had been resolved. The court granted Ripple's request for an amended judgment to clarify uncertainties about its finality. However, one claim for relief remains on hold until the appeals process concludes. Both parties are expected to file a motion to lift the stay within 30 days after appeals are resolved.
Ripple Vs SEC Lawsuit Timeline
This latest win comes after Ripple’s earlier success in its battle with the SEC, which continues to shape regulatory discussions in the U.S. Pro-XRP lawyer Jeremy Hogan has speculated the SEC case might conclude by mid-2025, especially if leadership changes at the SEC occur. Ripple's leadership remains optimistic about these wins as a basis for future growth. The faster judgment in the XRP lawsuit shows Ripple’s progress and could influence other crypto-related cases.
Ripple’s XRP Seeing Surge
Late last week, XRP soared to a three-year peak of $1.63 after news broke that SEC Chair Gary Gensler plans to step down on January 20, the same day President-elect Donald Trump is set to begin his second term. Although the price has eased to $1.46, XRP still boasts a remarkable 30% gain over the past week. Market analysts remain bullish, with some forecasting that XRP could reclaim its previous all-time high of $3.38 before the year ends.
Ripple's victory in the XRP case is seen as a significant step forward with potential implications for the cryptocurrency industry and its regulation. With the expedited judgment process, Ripple is on track to resolve its prolonged legal conflict.
