Judge Analisa Torres set a trial date for April 23, 2024, for the remaining issues on the SEC v Ripple case, with both parties expected to submit pretrial filings by the end of the year.
Both the SEC and Ripple will have a chance to argue whether the finance regulator is entitled to file an appeal this month; the court expects SEC v Ripple to go to trial sometime in Q2 of 2024.
The U.S. securities regulator will file an "interlocutory appeal" of a ruling in its case against Ripple Labs related to the programmatic sales of XRP.
The question of whether XRP was an illegal securities offering is over: the court says it was an illegal securities offering when sold to institutional investors.
