There are important developments in the lawsuit between Ripple and the US Securities and Exchange Commission (SEC). XRP proponent Ashley Prosper expects the SEC to issue its final response in the remedies phase of the case on May 7. Judge Analisa Torres is then expected to make a final ruling between July and September.
Prosper states that an interim settlement could happen at any time, meaning a resolution could happen before July if Ripple and the SEC reach an agreement.
Impact of legal uncertainty on XRP price
A settlement could happen at any time, which could have a major impact on the crypto market. In July, we saw the value of
However, legal uncertainty continues to impact the price of XRP. The XRP price currently stands at $0.54, which is 86 percent lower than the all-time high. Other projects such as Ethereum and Solana perform many times better than XRP.
A successful conclusion of the lawsuit could ensure that XRP is finally freed from the burden on its shoulders. This would pave the way for a significant increase in the price.
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Tags: settlement verdict Ripple SEC lawsuit
