US District Judge Analisa Torres has set important dates for the ongoing legal battle between Ripple Labs and the SEC. The court order outlines the schedule for the remedies briefing and discovery phase of the SEC v. Ripple lawsuit. The key dates to remember are as follows:- February 12, 2024: Remedies briefing officially begins, marking the start of the comprehensive examination of remedies related to the case.- March 13, 2024: The SEC is scheduled to file its remedies brief, presenting its stance on the appropriate remedies for the alleged violations.- April 12, 2024: Ripple Labs must submit their opposition to the SEC’s motion, allowing them to contest the proposed remedies.- April 29, 2024: The SEC will file its reply to Ripple’s opposition, concluding the remedies phase and setting the stage for the next legal proceedings.Both parties proposed a 90-day period for remedies-related discovery, which was accepted by the court. It is important to note that the remedies phase is the only pending issue in the SEC v. Ripple case. This phase will determine the suitable remedies Ripple may face for its Section 5 violations related to the institutional sale of XRP.In a previous ruling, the court deemed Ripple’s institutional sales of XRP as an investment contract, potentially resulting in a fine of up to $770 million. The SEC aims to secure the full penalty, while Ripple will likely try to reduce it by excluding legitimate business expenses.The outcome of this legal battle holds significant implications for Ripple and the cryptocurrency industry as a whole. The XRP community is closely monitoring these developments, as they could greatly impact the price of XRP. A favorable outcome for Ripple could enhance its position in the cryptocurrency market, while an unfavorable outcome could lead to uncertainty and potential price fluctuations.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	1
People	None
Companies	SEC, US District Judge Analisa Torres, Ripple Labs
Currencies	XRP
Securities	None