{"id":334224,"date":"2023-08-10T00:30:29","date_gmt":"2023-08-09T19:00:29","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=334224"},"modified":"2024-02-06T16:02:00","modified_gmt":"2024-02-06T10:32:00","slug":"sec-vs-ripple-judge-torres-issues-pretrial-scheduling-order-details-inside","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/sec-vs-ripple-judge-torres-issues-pretrial-scheduling-order-details-inside\/","title":{"rendered":"SEC vs Ripple: Judge Torres issues Pretrial Scheduling Order. Details inside&#8230;"},"content":{"rendered":"<ul>\n<li><em>Judge Torres issued a Pretrial Scheduling Order on 9 August 2023. The order came almost a month after XRP&#8217;s partial victory.\u00a0<\/em><\/li>\n<li><em>XRP continued on its bearish track of the last few days and showed no signs of revival.\u00a0<\/em><\/li>\n<\/ul>\n<p>The 13th of July 2023 was a day to be marked in the calendars. This was because the long-standing battle between the SEC and payments provider Ripple [XRP] yielded some results. On 13 July, the court ruled partially in favor of <a href=\"http:\/\/ambcrypto.com\/xrp-bulls-could-regain-control-and-this-cohort-could-be-the-driving-force\/\">Ripple<\/a>, and XRP holders couldn&#8217;t contain their excitement.<\/p>\n<p>The motion passed on 13 July also stated that the Court would issue a separate order to set the pre-trial and trial dates. As per a tweet from attorney James K. Filan, Judge Torres issued a pre-trial scheduling order. The order stated that &#8220;the Court will seek to schedule a jury trial for the second calendar quarter of 2024.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw\">#XRPCommunity<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/SECGov?src=hash&amp;ref_src=twsrc%5Etfw\">#SECGov<\/a> v. <a href=\"https:\/\/twitter.com\/hashtag\/Ripple?src=hash&amp;ref_src=twsrc%5Etfw\">#Ripple<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\">#XRP<\/a> Judge Torres has issued a Pretrial Scheduling Order, saying that \u201cthe Court will seek to schedule a jury trial for the second calendar quarter of 2024.\u201c <a href=\"https:\/\/t.co\/1srjHFHB03\">pic.twitter.com\/1srjHFHB03<\/a><\/p>\n<p>\u2014 James K. Filan ???? (@FilanLaw) <a href=\"https:\/\/twitter.com\/FilanLaw\/status\/1689323636920918020?ref_src=twsrc%5Etfw\">August 9, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the\u00a0<a href=\"http:\/\/ambcrypto.com\/calculator\/ripple-profit-calculator\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">XRP Profit Calculator<\/a><\/p>\n<hr \/>\n<h4>A trial for the spectators<\/h4>\n<p>Judge Torres&#8217; order stated that the SEC and Ripple are expected to submit their blackout dates for the said trial to go into motion. Furthermore, both parties are expected to submit their respective motions by 4 December and oppositions by 18 December in <em>limine.\u00a0<\/em><\/p>\n<p>Both parties are also expected to submit all required pretrial filings. These include proposed joint pretrial orders, requests to charge, and verdict forms. Finally, the order stated that the Court will schedule a final pretrial conference date once the date for trial is certain.<\/p>\n<p>At the time of writing, <a href=\"http:\/\/ambcrypto.com\/ripple-is-there-an-end-in-sight-to-xrps-bearish-bias\/\">Ripple&#8217;s<\/a> CEO Brad Garlinghouse hadn&#8217;t commented on the latest development. However, data from CoinMarketCap indicated that XRP wasn&#8217;t in the best of spirits as it traded 5.20% lower in the last seven days.<\/p>\n<h4>What is XRP&#8217;s stance?<\/h4>\n<p>Although XRP was trading 1.29% higher than its opening price on 9 August, indicators weren&#8217;t exactly in tandem. At press time, the Moving Average Convergence Divergence (MACD) indicated that the bearish crossover was in full swing. Furthermore, the MACD indicator was all set to make a journey to the other side of the neutral line.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">How much are\u00a01,10,100 XRPs worth today?<\/p>\n<hr \/>\n<p>Additionally, the Money Flow Index (MFI) and Relative Strength Index (RSI) too didn&#8217;t exactly show any signs of revival. The MFI laid low at 28.52 with a sideways movement whereas the RSI stood below the neutral line at 48.08 and no strong signs of accumulation or decumalation.<\/p>\n<figure id=\"attachment_334227\" aria-describedby=\"caption-attachment-334227\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/XRPUSD_2023-08-09_10-51-46.png\"><img decoding=\"async\" class=\"size-full wp-image-334227\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/XRPUSD_2023-08-09_10-51-46.png\" alt=\"\" width=\"2560\" height=\"1160\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/XRPUSD_2023-08-09_10-51-46.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/XRPUSD_2023-08-09_10-51-46-300x136.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/XRPUSD_2023-08-09_10-51-46-1024x464.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/XRPUSD_2023-08-09_10-51-46-768x348.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/XRPUSD_2023-08-09_10-51-46-1536x696.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/08\/XRPUSD_2023-08-09_10-51-46-2048x928.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-334227\" class=\"wp-caption-text\">Source: TraidingView<\/figcaption><\/figure>\n<p>However, considering the news around the scheduling of the trial, <a href=\"http:\/\/ambcrypto.com\/chatgpt-xrp-price-prediction-20\/\">XRP<\/a> may gain some of its lost momentum. Will XRP alter its path and witness a change of momentum? Only time will tell. But considering its price action of the last few days, caution is the word of the day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 9 August, Judge Torres released the Pretrial Scheduling Order for the SEC vs Ripple case to go to trial. Considering XRP&#8217;s partial win in July, the altcoin&#8217;s price action remained bleak and at the mercy of the bears. Will the coming days bring in some change? <\/p>\n","protected":false},"author":65,"featured_media":334235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,55,4,20],"tags":[],"class_list":["post-334224","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-xrp-ripple-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SEC vs Ripple: Judge Torres issues Pretrial Scheduling Order. Details inside... - AMBCrypto<\/title>\n<meta name=\"description\" content=\"The 13th of July 2023 was a day to be marked in the calendars. 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