Ripple XRP Case: Jury Trial Set for Next Year - What to Expect

The long-running court case between Ripple Labs and the US Securities and Exchange Commission, which could set a precedent for the whole cryptocurrency industry, is far from over. While a significant ruling came down earlier this year, a jury trial is now on the horizon.

Judge Orders Jury Trial for Ripple Executives

Judge Analisa Torres ordered a trial by jury last month for Ripple’s CEO Brad Garlinghouse and Executive Chairman Chris Larsen over whether they are liable in illegal securities offerings. This portion of the case focuses specifically on allegations against the executives, distinct from the broader ruling earlier in the year.

Key Dates and Deadlines in the Ripple vs. SEC Case

Here's a quick rundown of what to expect in the coming months: * December 4: As per Cornell Law School, both the SEC and Ripple must submit motions in limine for a jury trial by December 4 of this year. This pretrial motion seeks to declare specific evidence inadmissible at trial.

Understanding the July 13th Split Decision

July 13: The SEC vs. Ripple Labs case came to a split decision. Torres ruled Ripple’s public sale of XRP to exchanges did not break the law, while its offer of XRP to institutional investors was deemed to be a violation of securities laws.

The SEC Appeal and Its Impact

This is an important deadline when the SEC must submit its opening brief in the appeal case against the ruling that XRP sales on exchanges were not securities offerings. The outcome of this appeal could significantly impact the future of XRP and other cryptocurrencies.

What to Expect From the Jury Trial

The jury trial will focus on whether Garlinghouse and Larsen recklessly disregarded the fact that their sales of XRP constituted unregistered securities offerings. The SEC will need to convince the jury that the executives knowingly violated securities laws. This trial will be a crucial development in the overall Ripple vs. SEC case.

Overview