TL;DR
Ripple’s legal battle with the SEC over XRP’s classification is set for trial on April 23, following the company’s three partial wins in 2023.
The lawsuit’s outcome could significantly affect XRP’s value, but a final decision might be delayed until 2026 due to potential appeals.
Ripple and the United States Securities and Exchange Commission (SEC) have been confronting since December 2020 when the regulator accused the firm of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP.
For its part, the company argues that its native token is a currency rather than a security and thus does not fall under the SEC’s jurisdiction.
The entities fired numerous shots at each other in the past few years, not pulling back from their stances. The lawsuit will be resolved at a grand trial scheduled for April 23, with Ripple currently having the upper hand after securing three partial court wins in 2023.
Prior to that, though, there are c
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