#Content Mining Ripple’s Battle with SEC Continues – XRP Price Signals Stay Bullish Saturday’s XRP gains linked to investor bets on SEC’s BTC-spot ETF approvals, while the legal saga continues.

The Saturday Overview
On Saturday, XRP rose by 1.35%. Following a 1.07% gain on Friday, XRP ended the session at $0.6212.

XRP Community Reacts to the Latest Court Slaying of the SEC
On Saturday, amicus curiae attorney John E. Deaton responded to the Stuart Alderoty post about the SEC, saying,
Deaton also sent a message to Patrick McHenry, asking, where is the subpoena?

Patrick McHenry is the chair of the US House Committee on Financial Services. In October, the Committee Chair threatened the SEC Chair with a subpoena, saying,
There were no SEC v Ripple case-related updates to influence investor sentiment toward XRP. Remedies-related discovery began in November and will conclude on or before February 12, 2024. The final phase of the case will dictate the Ripple penalty for the sales of XRP to US institutional investors.

In November, the court issued a briefing schedule. On conclusion of the remedies-related discovery, the SEC must file its remedies-related brief by March 13, 2024. Ripple must file its brief by April 12, 2024, with the SEC having to file a reply brief by April 19, 2024.

While the court briefing schedule suggests an end to the case in H1 2024, the SEC and Ripple could settle at any time. Investors expect the SEC to move swiftly through the final stage of the case to bring forward the appeal process.