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Despite much bullish speculation, the legal battle between the Securities and Exchange Commission (SEC) and Ripple Labs remains, at press time, much like the Korean War: a frozen conflict. Indeed, both the weeks ahead of the Trump inauguration and more recently, many traders, experts, and analysts have been predicting that the watchdog would be quick to drop the most discussed lawsuit in the cryptocurrency industry.  The latest credible rumours, shared by the prominent Fox Business journalist Eleanor Terrett, indicate that the fight that started in 2020 ‘is in the process of wrapping up and could be over soon.’ Allegedly, the delay comes from protracted negotiations to alter the previous $125 fine imposed on Ripple. Picks for you Expert sets date when Bitcoin will hit $150,000 as BTC 'shows first signs of life' ...

According to a recent court order issued on Thursday, June 29, the United States Securities and Exchange Commission (SEC) is scheduled to deliver its response to Coinbase’s initial legal defense on July 13. The SEC has also filed a request with the court, seeking a three-business-day extension, as mentioned in a legal document filing. Taking a stronger position Coinbase’s legal counsel argued in a recent court letter that the company has presented various defense s in response to the SEC’s complaint, including claims of due process violation and abuse of discretion. They further contended that there is a fundamental issue with the SEC’s case, which the chair acknowledged two years ago, asserting that Coinbase should be entitled to judgment on the pleadings as the subject matter falls outside the SEC’s authority.  As a result, a conference has been scheduled for July 13, during which the judge will decide whether Coinbase will be allowed to proceed ...