August 29, 2023 at 04:57 PM GST updated: August 29, 2023 at 05:12 PM 1 min read News
  • Ripple Labs announces a grand celebration in New York City to mark its legal victory over the SEC, stirring excitement among supporters.
  • While the company prepares for its celebratory event on September 29, 2023, Ripple promises to unveil more details soon to keep the community engaged.
  • Despite the upcoming festivities, Ripple’s legal challenges are far from over, as a new trial against executives Brad Garlinghouse and Chris Larsen is set for Q2 2024.

Ripple Labs, the renowned blockchain giant, is set to host a grand celebration in New York City, marking its significant legal victory over the Securities and Exchange Commission (SEC). The company took to social media to announce the festive event scheduled for September 29, 2023. Enthusiasts and supporters are eagerly awaiting more details, which Ripple promises to unveil soon.

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In the meantime, the legal battle between the SEC and Ripple is yet to reach full closure. A court hearing has been slated to address the SEC’s allegations against Ripple executives Brad Garlinghouse and Chris Larsen.

The regulatory body accuses both Garlinghouse and Larsen of facilitating Ripple’s distribution of XRP without proper registration as a security. The trial is anticipated to kick off in the second quarter of 2024.

The future looks incredibly promising for Ripple and its cryptocurrency, XRP. With the legal challenges behind them, both are poised to redefine the crypto landscape, fostering innovations and partnerships that could revolutionize cross-border payments and blockchain technology.

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