Nevertheless, investors should monitor the news, with an escalation likely to impact buyer demand for XRP.
There were no SEC v Ripple case-related updates for investors to consider during the weekend.
However, investors await the remedy-related opposition brief. Ripple must file the opposition brief by April 22. Ripple must avail a redacted version of the opposition brief by April 24. The brief is in response to the SEC opening brief. The SEC argued for a $2 billion disgorgement and the prohibition of XRP sales to institutional investors.
While there was no SEC vs. Ripple-related chatter, updates from the SEC v Coinbase (COIN) case garnered investor interest.
SEC vs. Coinbase: Coinbase Requests Permission for an Interlocutory Appeal
On Saturday, Coinbase Chief Legal Officer Paul Grewal updated followers on X (formerly Twitter), saying,
“Today Coinbase filed a brief asking the Court’s permission to seek an interlocutory appeal in our SEC case on this controlling question: whether an “investment contract” requires something contractual – we think it does, the SEC disagrees.”
