In recent updates shared by Defense lawyer, James K. Filan, Both Ripple and SEC have filed a joint scheduling letter proposing opening briefs for summary judgment and expert challenges in August and closing briefs a few days before Christmas.
Responding to this, Ripple’s General counsel, Stuart Alderoty feels that a likely resolution might be in 2023, ‘‘It now looks like a resolution will come in 2023 – and each day that passes is hurting US citizens who were essentially the victims of a rug pull by the SEC. $15B in XRP market cap was destroyed the day the suit was filed, hurting the very people the SEC purports to protect”.
He continues ”To all that have been following the case thus far – thank you. Know that Ripple is pushing hard (and the Court is working hard) to resolve the case as soon as possible, despite the SEC time and again doing everything they can to delay”.
”And to those asking if this is a joint filing – yes it is. But, based on the SEC’s track record, if we didn’t agree to this, the next iteration would have very likely been even longer”.
XRP friendly Attorney Jeremy Hogan reacted to the scheduling by saying ”This schedule is the exact WORST case scenario that Attorney Filan posted the other day”. The Ripple case is going into 2023”.
Bitcoin continued its declines from Apr. 20, dropping to lows of $39,174 on Apr.22. According to CoinMarketCap data, BTC is down 2.61% in the last 24 hours and 1.98% over 7 days at its present price of $39,637.
As seen on CoinMarketCap, large-cap altcoins especially in the top 100 are recording slight losses of up to 10% in the last 24 hours. several crypto assets, especially in the top 100 are trading presently in red except for a few outliers such as Apecoin (APE, +3.06%), Loopring (LRC, +3.09%), Curve DAO token (CRV, +13.34%), Lisk (LSK, +19%) which traded in green at press time.
Data from WhaleStats that tracks the top ETH wallets indicate that large investors have been loading up tokens such as Shiba Inu, wrapped BTC (WBTC), Basic Attention Token (BAT ), WOO network (WOO) in the last 24 hours.
As reported by WhaleStats, two Ethereum whales have bought a total of 140 billion Shiba Inu tokens or $3.4 million worth in recent hours with two transactions. A transaction done by an ETH whale called “BlueWhale0073” ranking 5th largest according to WhaleStats buying over 86,679,001,529 SHIB or $2,111,500 worth was recently reported by the blockchain data tracker.Earlier, an ETH whale called “Bombur” had bought 54,045,382,286 or $1,323,030 worth.
According to the blockchain data tracker, in three separate transactions, ETH whales have bought 10,000,000 BAT ($7,373,900), 500,000 CRV ($1,200,000), 3,901,099 WOO ($1,733,472) in the last 24 hours.
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