If you’ve searched for "XRP SEC what time," you’re likely looking for details about when major legal decisions will occur in the famous case between Ripple (XRP) and the U.S. Securities and Exchange Commission (SEC). This case is a pivotal moment in crypto history, determining whether XRP will be regarded as a security and how the crypto industry is regulated in the United States. Knowing the timeline of this lawsuit is vital for investors and traders alike as it directly impacts XRP price and the broader market.
The lawsuit began in December 2020 when the SEC accused Ripple Labs and its executives of selling XRP as an unregistered security. Let’s look at the critical milestones so far:
| Date | Event | |----------------|--------------------------------------------| | Dec 2020 | SEC files lawsuit against Ripple | | Mar 2021 | Ripple files motion to dismiss | | July 2023 | Partial summary judgment - XRP partly not a security | | April 2024 | Penalty briefings close | | Ongoing 2024 | Awaiting Judge Torres’ final verdict |
What is the next major date? As of mid-2024, most filings are complete, and the crypto community is awaiting the judge’s final decision. The exact timing (or "what time" in legal terms) of the verdict is unknown, but most experts expect a decision before late 2024.
Why is the specific timing important?
If you hold XRP or plan to trade it, exchanges such as Bitget Exchange provide timely updates on important events related to XRP and the SEC.
People Also Ask:
Let’s break these down:
According to market data from Glassnode and Nansen, major announcements in the case trigger huge price swings for XRP. After the July 2023 partial victory for Ripple, XRP briefly surged over 60% in hours. This highlights why monitoring "what time" future rulings happen is crucial for timing trades.
Regardless of the outcome, this lawsuit will provide clarity on how U.S. regulators view cryptocurrencies. Industry experts, such as those at CoinDesk and The Block, suggest that whatever precedent is set could apply to tokens like ADA, SOL, and others.
Staying updated may seem challenging, but here’s how beginners can stay informed:
The case is in its final stages, pending a permanent ruling from Judge Analisa Torres. No exact date has been announced.
The SEC alleges that Ripple sold XRP as an unregistered security, violating U.S. securities laws. Ripple denies this, claiming XRP is a digital currency, not a security.
After rulings in 2023, leading exchanges re-listed XRP. For secure trading and real-time news, beginners are recommended to use Bitget Exchange.
It will set a standard for how similar tokens are classified and could accelerate the formation of new regulations for cryptocurrencies in the United States.
U.S. Federal court verdicts are usually published during business hours (9am–5pm ET). The precise time is not released in advance. Traders often keep track on court days for sudden news.
The "XRP SEC what time" question highlights how eagerly the crypto community awaits the verdict of this landmark case. Not only will it affect XRP’s price and listing status, but it will also shape the future of crypto regulation worldwide. For reliable news, up-to-date timelines, and secure XRP trading, consider industry platforms like Bitget Exchange. Staying informed—and understanding the important dates—can help you make smarter decisions and navigate the ever-evolving world of digital assets.