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What will be the next major legal development in Ripple's case with the SEC by March 2025?
2
Resolution / Starting Odds
Settlement reached • 25%
Case dismissed • 25%
Trial date set • 25%
Other major development • 25%
Court records, news reports on the Ripple vs. SEC case
Story
Ripple Faces SEC Heat After Missing Court Deadline, Invests $50M
Oct 24, 2024, 03:47 AM
Ripple Labs is facing significant challenges in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The company recently missed a critical court filing deadline, giving them 14 days to rectify the situation or risk their legal team being disqualified from the case. The SEC filed their Form C. Ripple CEO Brad Garlinghouse has admitted that the company erred by not engaging with U.S. regulators earlier, which has now placed them under intense scrutiny from the SEC. To mitigate the situation, Ripple is investing $50 million into political donations and other efforts to improve their regulatory standing.
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Further appeals by SEC • 25%
Settlement reached • 25%
Case closed with no further action • 25%
Other legal developments • 25%
SEC lawsuit • 25%
Class action lawsuit • 25%
Settlement with SEC • 25%
No major legal action • 25%
Ripple wins • 25%
SEC wins • 25%
Settlement • 25%
Ongoing • 25%
SEC wins • 33%
Ripple wins • 33%
Case settled • 33%
Ripple wins • 25%
SEC wins • 25%
Settlement • 25%
Ongoing • 25%
SEC wins appeal • 33%
Ripple wins appeal • 33%
Settlement reached • 34%
SEC wins completely • 25%
Ripple wins completely • 25%
Partial win for SEC • 25%
Partial win for Ripple • 25%
Federal securities claim • 25%
State securities claim • 25%
Consumer protection claim • 25%
No further significant legal action • 25%
Ripple Wins • 25%
SEC Wins • 25%
Settlement • 25%
Dismissed • 25%
Yes • 50%
No • 50%