Recent developments in the XRP lawsuit have seen the plaintiff file a notification regarding costs to the appellate court. Following a favorable ruling for Ripple 
$3 and its CEO Brad Garlinghouse from the district court, the company has requested financial resources for the time and expenses incurred during the legal proceedings.
Appeal Stage of the Case
Ripple’s request for costs has been contested by the plaintiff, Bradley Sostack. Sostack objected to the imposed costs amounting to $210,591.52 against the class representatives. Furthermore, he requested the rejection of Ripple’s expense claim and, if necessary, a reduction of costs.
Ripple submitted an expense invoice along with relevant documents concerning expenditures, attorney fees, and other details related to the case. This action is believed to correspond to the time and costs associated with the securities violation lawsuit.
Community Expectations Surrounding XRP
The XRP community is anticipating a resolution to the ongoing case between Ripple and the SEC. Legal experts and analysts, including former SEC attorney Marc Fagel, predict that the SEC, under Paul Atkins, may not prolong the appeals process further.
Attorney Jeremy Hogan forecasts that the long-standing legal dispute between Ripple and the SEC could conclude by April or May. Meanwhile, despite XRP’s price remaining above $3, it faced a 5% drop over the week due to general challenges in the crypto market. The community appears optimistic about a favorable outcome in the case.
The lawsuit between Ripple and the SEC is viewed as a significant turning point for the future of the crypto sector. A resolution in the case could help alleviate regulatory uncertainties for other cryptocurrency firms.
