New Dates In XRP Lawsuit; Whales Move 85 Mln XRP – Crypto News – Crypto News
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New Dates In XRP Lawsuit; Whales Move 85 Mln XRP – Crypto News

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XRP News: The long running tussle between the US Securities and Exchange Commission (SEC) and Ripple is approaching the end. the Summary Judgment phase, However, the attorney covering the crucial XRP lawsuit has dropped an updated schedule.

New dates in XRP lawsuit

Attorney James Filan reported that sealed replies to summary judgment oppositions are due by November 30, 2022. While conference redactions will be due by December 2, 2022. He added that redacted replies are due by December 12.

He mentioned that Summary Judgment pleadings were filed early in the XRP lawsuit. This directly suggests that redacted replies will be filled sometime by Friday this week.

Filan highlighted that these dates are based on the fact that the redacted Summary Judgment motions were due on September 19, 2022. However, they were filed on September 17, 2022. While the redacted opposition replies were due on October 24, 2022, but they were filed on October 21.

It is expected that the redacted replies will be filed early as well in the XRP lawsuit.

Are whales on an accumulation spree?

Crypto whales seem to be excited over the recent XRP News provided by the Attorney. As per whaleAlert, Whales have moved around 85 million XRP since the news broke out.

A whale bought 30.4 million XRP (approx worth $11.75 million) from the Bitso crypto exchange. However, Whales have also moved 54.6 million XRP to exchanges.

XRP price is up by 10% over the past 7 days. It is trading at an average price of $0.392, at press time.

Ashish believes in Decentralization and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

The content presented may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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