The lawsuit between Ripple and the SEC is approaching a crucial trial in April 2023, with potential long-term impacts on the cryptocurrency sector and possibilities of extended legal battles through appeals.
Ripple has gained key partial legal victories, but the final outcome and its implications are still uncertain.
Could We See the Conclusion This Year?
The lawsuit between Ripple and the United States Securities and Exchange Commission has been among the trendiest topics in the cryptocurrency industry for years. It dates back to December 2020, when the agency accused the company of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP.
For its part, Ripple argues that its native token is a currency rather than a security