In the latest developments in the XRP case, the plaintiff made a notification about the costs of the Court of Appeal. Ripple $3.1After the decision of the Regional Court in favor of the company and CEO Brad Garlinghouse, he demanded financial resources for the time and expenses spent during the lawsuit process.
Appeal phase of the case
The expense request presented by Ripple was appealed by the plaintiff Bradley Sostack. Sostack objected to the cost of costs of $ 210,591,52 against class plaintiffs. In addition, the plaintiffs demanded that Ripple rejected the cost of expenses and, if necessary, to reduce costs.
Ripple presented a cost invoice and relevant documents regarding expenditures, lawyers’ fees and other details in the case process. This step is thought to correspond to the time and expenses spent in the case of violation of securities.
Expectations of the XRP community
The XRP community is waiting for the resolution of the case between Ripple and SEC. Lawyers and experts, especially former SEC Lawyer Marc Fagel, predict that US Sec SEC may not continue the appeal process under the leadership of Paul Atkins.
Lawyer Jeremy Hogan estimated that the long -standing legal dispute between Ripple and the US Sec SEC could end in April or May.
Meanwhile, the XRP price continued to watch over $ 3, while the crypto market due to general difficulties in the week had a 5 %decrease per week. The community seems to be safe that the case will be positive.
The case between Ripple and SEC is seen as an important turn for the future of the crypto sector. The conclusion of the case may also contribute to the elimination of regulatory uncertainties for other crypto companies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
