Ripple News: Company Urges Court to Reassess XRP Private Sale Options

A positive decision might hasten the conclusion of Ripple’s prolonged legal fight with the SEC; however, setbacks or negative results could extend the case until 2027. Recently, XRP’s value increased by over 20%, exceeding $2, with analysts indicating it could be entering a bullish Wave 5 trend. The conflict between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is approaching its conclusion after more than five years in litigation. As a result, Ripple is advocating for a crucial legal clarification that has the potential to alter its future business path and impact broader cryptocurrency regulations. Ripple’s Recent Request in Current Legal Battles. Ripple is requesting an “indicative ruling” from U.S. District Judge Analisa Torres to clarify if a previous court ruling makes private sales of XRP legally permissible. Legal expert James Farrell states that this step is crucial for Ripple’s involvement in launching an Initial Public Offering (IPO) in the United States. Without this clarification, the company could encounter substantial regulatory obstacles that might hinder or obstruct its public listing efforts. Although seeking a settlement won’t automatically create new business opportunities, Farrell emphasizes that it is just one of many avenues available. Additionally, while the lawsuit could be settled with prompt legal relief, Ripple is pursuing a guiding ruling to solidify the legal basis for the company’s ability to conduct private transactions of XRP. Following this, it will become a key requirement for building investor trust and creating a public market for XRP. Nevertheless, the schedule for this progress is still unknown. Even if Ripple and the SEC reach an amicable settlement and agree on the ruling motion, it can take months to process these legal motions. Additionally, legal analysts indicate that, even with the SEC’s cooperation, it may take the court nearly six months or more to reach a decision. If Judge Torres rules in favor of Ripple and overturns her earlier ruling, the appeals process will conclude swiftly.