Ashley Prosper, an XRP enthusiast keenly following the Ripple versus SEC legal battle, has shared insights on the possible timeline for a settlement and final ruling.

Potential Settlement and Ruling Timeline in the Ripple Case

According to Prosper, the SEC's final response in the remedies phase is expected to be released tomorrow, May 7. Following this, Judge Analisa Torres is anticipated to make her final decision between July and September. While an appeal from either party is possible, Prosper believes it won't take as long as expected. She advises the community to stay alert for a potential settlement anytime within this period.

US attorney James K. Filan highlighted crucial dates in the case: March 22, when the SEC filed an opening brief, and May 6, when the agency will file a reply brief. In its March brief, the SEC noted that Ripple had increased its XRP sales, raising over $729 million in unregistered institutional sales since filing the complaint. The SEC argues that Ripple is in a position to pay a substantial civil penalty and requested the court to prohibit the company from offering unregistered XRP to institutional investors.

SEC's Reply Brief Expected Today

Today, May 6, marks a crucial point as the SEC is set to file a reply brief responding to Ripple's objections to the significant fines proposed by the commission. The SEC seeks a $1.95 billion fine, including $876.3 million in civil penalties, $876.3 million in disgorgement, and $198.15 million in prejudgment interest. Ripple has countered, arguing that the SEC hasn't demonstrated the need for disgorgement and suggesting any civil penalty should be capped at $10 million.

Experts believe the SEC will likely maintain its disgorgement stance, but there are speculations that the court might rule in Ripple's favor this time.