Case is expected to be resolved in the first half of 2023 Ripple
and individual defendants have filed a memorandum of law in response to the U.S. Securities and Exchange Commission's motion for summary judgment.According to attorney John Deaton, the public will have an opportunity to read the redacted versions of the oppositions next Monday. The public, however, will not be able to read counterstatements and exhibit deposition testimony until January.
As reported by U.Today, Ripple and the SEC filed their motions for summary judgment last month in order not to go to trial.Ripple CEO Brad Garlinghouse recently predicted that the lawsuit was likely to end in the first half of 2023. He also said that his company was open to settling with the SEC, but that would require recognizing the XRP token as a nonsecurity, which will likely be a nonstarter for the regulator.
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