The latest Ripple (CCC:XRP-USD) news is an update on the court case with the U.S. Securities and Exchange Commission (SEC) that’s a good sign for investors.
The SEC has been granted its extension in the Ripple case. This gives it additional time to collect evidence to present to the judge. That means there’s a couple of dates that XPR investors will want to keep an eye on in the coming months.
The first is Aug. 31, 2021. This date marks the end of the fact discovery period for the SEC. Then there’s Oct. 15, 2021. That’s when the period for it to conduct expert discovery comes to an end.
News of an extension in the SEC’s case against XRP might have some investors spooked but it could be a positive. James K. Filan, an attorney, has been posting about the matter on Twitter (NYSE:TWTR) and he sees the recent announcements as a positive.
This is a good sign for the fair notice defense. Judge Netburn has made clear to the SEC yet again that the focus of that defense is on the activities of the SEC and not on Ripple.
— James K. Filan (@FilanLaw) June 15, 2021
One disadvantage is that this extension will easily delay the Ripple lawsuit and could even push it into 2022. Attorney Jeremy Hogan believes that this will be the case. He also claims that while a settlement is still possible, it doesn’t seem to be the likely outcome of this lawsuit.
XRP is seeing positive momentum today thanks to the Ripple lawsuit news. As of this writing, the price of XPR was up 2.3% over a 24-hour period. This has the crypto trading for around 85 cents.
We’ve got loads of other crypto news for Thursday worth diving into below.
There’s a lot to talk about in the crypto space today and we’ve got a nice collection of the most important topics ready to go. That includes the latest happenings from IRON Titanium Token (CCC:TITAN-USD), Dogecoin (CCC:DOGE-USD), and Cardano (CCC:ADA-USD). You can check out all of that news at the following links!
More Thursday Crypto News
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- This Latest Development Will Take Cardano to a New High
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.