• The U.S. SEC has been seeking disgorgement against a non-party entity which could have greater implications.
• The court has agreed to a hearing on January 30 which could be a defining moment in the Ripple vs SEC battle.

It’s been two years exactly now since the U.S. Securities and Exchange Commission (SEC) slapped a lawsuit on blockchain startup Ripple for violating securities laws during its XRP sale in 2013.

Throughout 2022, Ripple and its lawyers have been defending their stand strongly in multiple court hearings. The San Francisco-based blockchain startup has registered a few micro wins when it comes to getting access to the old SEC documents.

As the summary judgment approaches fast, the Ripple vs SEC case gets more and more fascinating. Both – the defendants and the prosecution – are trying to keep their comments in court. Also, the SEC claims that Ripple sold its XRP illegally, but hasn’t produced any substantial evidence.

As per the latest development, John E. Deaton, the lawyer representing Ripple in this case has noted that January 30 hearing would be one of the most-important hearings for Ripple. This relates to Ripple’s ally LBRY who’s been granted permission for hearing an oral argument of its motion in order to limit SEC’s accesses. The courts have acknowledged the requests by LBRY and have accepted to hear the arguments. Lawyer Deaton believes that this…