The ongoing legal dispute between Ripple and the Securities and Exchange Commission (SEC) is moving closer to resolution. Magistrate Judge Sarah Netburn has outlined a timeline for the case, focusing on Ripple's efforts to dismiss the SEC's recent expert evidence. The SEC has until April 29 to respond, with Ripple having three business days to reply.

This update comes after Judge Netburn was appointed as District Judge in the Southern District of New York. Despite her new role, she continues to oversee the Ripple vs. SEC case. XRP has contested the SEC's request for significant civil penalties, arguing that the allegations lack evidence and do not prove any future violations by the company.

Ripple representative Bill Morgan has emphasized that Ripple On-Demand Liquidity (ODL) sales are not considered investment contracts. He highlights the brief use of XRP for cross-border transactions, rather than for investment purposes. Hogan predicts a settlement of $100 million by the summer, with a possible penalty imposed on Ripple by the Judge.

Initially, the SEC sought a $2 billion fine, but Ripple argues against XRP being classified as a security. The company's chief legal officer has presented reasons why the penalty should be much lower, at a maximum of $10 million.