Ripple Labs, including its CEO Brad Garlinghouse and executive chairman Chris Larsen, and the U.S. Securities and Exchange Commission (SEC), have told the court when they will be available for trial in 2024. Due to their busy schedules in April, the court event might be after the Bitcoin halving.
Recall that Judge Analisa Torres ordered all parties in the protracted lawsuit to submit blackout dates for the upcoming trial, which is slated for the second quarter of 2024.
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In a filing on August 23, Ripple Labs told Judge Analisa Torres that it has no blackout dates, stating its readiness for trial any time in the second quarter of 2024.
Ripple’s counsel also confirmed this in a statement, saying “Defendants Ripple has no blackout dates and is available for trial throughout the second quarter of 2024.”
#XRPCommunity #SECGov v. #Ripple #XRP Counsel for Ripple has informed Judge Torres that Ripple is available for trial anytime in the second quarter of 2024. pic.twitter.com/JoZZlxcJSr
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) August 23, 2023
Brad Garlinghouse and Chris Larsen also shared with Judge Torres that they won’t be available for trial from April 1 to April 14, 2024.
The SEC’s Blackout Dates
Also, in compliance with the court’s order, the SEC submitted its blackout dates.
Going by a letter shared by Eleanor Terrett, a Fox Business journalist, the regulatory agency informed Judge Analisa Torres that it would be available for trial throughout April, May, and June 2024.
Specifically, the SEC pointed out that it will be available on April 15-19, May 1-7, and May 27-31, without indicating the reason for choosing the blackout dates.
🚨NEW: The @SECGov has provided Judge Torres with dates they are available and unavailable for trial in the second quarter of 2024. 👇🏼 pic.twitter.com/44ipW54QpF
— Eleanor Terrett (@EleanorTerrett) August 23, 2023
Read Also: Top Lawyer Points Up Likely Implications if Ripple Approves the SEC Appeal Request
These blackout dates are interesting because these dates coincide with the Bitcoin halving event. So, the trial might be between April 22-26 or maybe at the end of April. However, it’s left to the Judge to decide when the trial will commence.
It’s worth noting that many XRP enthusiasts think that the SEC’s appeal might not have a negative impact on XRP price. They think the SEC’s influence in the crypto world is drastically diminishing due to decent events.
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