The Ripple Lawsuit: A Cryptocurrency Drama Unfolding
The Ripple lawsuit is one of the important processes that deeply affects the cryptocurrency exchange. This process, which started in 2020, is now waiting to be concluded. At this stage, we have reached the end of the road, and we wanted to inform you about the Ripple Sec lawsuit.
Let’s take a closer look at the Ripple lawsuit timeline together.
What is the Ripple Lawsuit?
The Ripple coin lawsuit is an unprecedented legal process in the cryptocurrency industry. Accordingly, the US Securities Exchange Commission (SEC) has initiated a legal process against Ripple’s XRP tokens. The SEC alleges that Ripple engaged in an unregistered securities offering through sale.
In addition to all this, Ripple is also being prosecuted in Northern California for violating securities laws.
Historical Background of The Ripple Lawsuit
Ripple Labs is actually a company that has been on the market for a long time. The promises offered by the company soon began to resonate in the cryptocurrency markets. Ripple, which had a rapid rise, would later become the subject of more than one lawsuit. The historical stages from the establishment of the company to the litigation process are as follows:
| Dates | Events That Occurred |
| 2012 | Founding of Ripple Labs |
| 2013 | XRP and the Fundraising Process |
| 2020 | SEC Suing Ripple |
| 2021 | Expert Discoveries and Statements of the Parties |
| 2022 | Declaration of Documents |
| 2023 | Public Disclosure and Ripple Labs Won the Case |
| 2024 | Objection Processes |
When Did the Ripple Lawsuit Start?
The Ripple lawsuit start date is December 21, 2020. On December 28, 2020, Coinbase removed Ripple from the list. After this incident, many speculations began to arise about Ripple. This is so much so that the cryptocurrency market, which is already a new field, has started to shake with this scandal.
Why Did the SEC Sue Ripple Labs?
The SEC filed a lawsuit against Ripple Labs, claiming that XRP is an unregistered security. This is so much so that, according to the SEC’s claim, XRP conducted its first public offering this way. The Ripple case, the first cryptocurrency drama in history, emerged in light of all these allegations.
Ripple lawsuit update today still involves disputes between the company and the SEC.
What is the Ripple Lawsuit Status and Ripple Lawsuit Explained?
Ripple news lawsuits usually cover some claims made by the SEC. If you want, let’s take a look at the allegations made on this path to the lawsuit stage, one by one:
- While the SEC does not consider Bitcoin a security, it considers XRP a security.
- XRP tokens have been used for some of Ripple’s financial transactions. This is the basis of the problem before the SEC.
- Thanks to a measurement called the Howey Test, it is checked whether XRP is a security or not. The SEC also claims that Ripple meets the requirements of the Howey Test.
When is the Ripple Lawsuit Going to End?
Many sources are showing the Ripple lawsuit end date as July 13, 2023. This date is recorded as the date when Ripple Labs won the case. Accordingly, the court stated that Ripple did not break the law when offering XRP to the public. However, there is another critical point in the outcome of this case. This is a result in favor of the SEC. So, XRP has violated securities laws.
Has Ripple Lawsuit Completely Ended?
The Ripple lawsuit has concluded with decisions in favor and against both parties. However, both Ripple Labs and the SEC exercised their right to appeal the case decisions. Therefore, the Ripple and SEC cases will be concluded after this process is completely completed. According to expert predictions, this will happen in April or May 2024.
Frequently Asked Questions
This article talked about the Ripple lawsuit, the first cryptocurrency case in history. We would like to answer frequently asked questions in this part of our article.
Has XRP Won the Lawsuit?
The Ripple lawsuit ended in a way that would benefit both parties. However, even though it was proven in court that XRP is a security, Ripple objected to this decision.
Is Ripple Guilty?
Ripple Labs has managed to be acquitted of some of the charges against it. This will support XRP’s good return to the cryptocurrency markets. Still, some of the SEC’s claims ended up against XRP.
How Much Will XRP Be Worth in 2025 After Lawsuit?
The Ripple lawsuit seems to become clear in the second period of 2024. Therefore, the prediction that XRP will gain value according to the outcome of the case is also very busy on the agenda. In the predictions made by experts, it is claimed that XRP may be $ 1.18 after the Ripple lawsuit.
Can XRP reach $20?
We are still at an early stage for such predictions to be made. The market value of XRP may become clear depending on the outcome of the case.
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