The trial between Ripple and the SEC over the classification of XRP will begin on April 23, following three partial victories for the company in 2023. The outcome of the case could have a significant impact on the value of XRP, but a final decision could be delayed until 2026 due to possible appeals. 🏛️📈
The SEC accuses Ripple of illegally raising more than $1.3 billion through an unregistered securities offering involving the sale of XRP. Ripple claims that their token is a currency, not a security, and is not subject to the jurisdiction of the SEC.
The April 23 trial could be a deciding factor for XRP's growth, but a final decision could take several more years due to possible appeals.