Ripple Labs and the US Securities and Exchange Commission (SEC) are preparing for the second round of their legal battle. The case has been ongoing for three years and revolves around the status of the XRP token. The SEC requested an interlocutory appeal, which was granted by Judge Analisa Torres. Ripple argued that the appeal was not necessary, but the court only granted the motion for appeal and not the appeal itself. Ripple and the SEC have shared their calendar with the court, showing their availability for a trial in the second quarter of 2024. Ripple’s calendar was quite flexible, while the SEC blocked out 19 days over the quarter. CryptoLaw founder John E. Deaton believes that the court will reject the motion put forward by the SEC. The crypto community is anticipating the outcome of the case, which has been boosted by Grayscale’s victory against the SEC over its Bitcoin (BTC) Trust conversion to a full-fledged Bitcoin ETF.

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Information	Details
Geography	North America
Countries	🇺🇸 🇬🇧
Sentiment	neutral
Relevance Score	8
People	John E. Deaton, FAC, Analisa Torres, FINRA
Companies	John E. Deaton, United States Securities and Exchange Commission (SEC), Ripple Labs, FINRA, eToro, Grayscale
Currencies	Ethereum, XRP, Bitcoin
Securities	None