Hopes for the end of the SEC's indictment against Ripple appear to have an expiration date according to the FX Street report where Jeremy Hogan, a lawyer for the entity behind the cryptocurrency, has indicated that the case may not extend beyond April. according to PYMNTS.
Hogan said there is not much chance the case will extend beyond April 2022, when it is likely to end.
In November, Ripple CEO Brad Garlinghouse said the company was seeing "pretty good progress despite a slow court process."
Garlinghouse also recently said that the judge in the case seemed to realize it wasn't solely about Ripple, and that it would have bigger implications overall.
The dispute originated in 2020 and regulators alleged that Ripple executives sold $ 1.3 billion of the company's XRP digital asset, which the SEC considers an "unlicensed security."
The lawsuit impacted the cryptocurrency that was removed from numerous exchanges, including Coinbase.
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