Ripple appears to be gearing up for an IPO (Initial Public Offering), as the company recently posted a job opening for a Senior Investor Relations Manager. This move has sparked rumors and speculation within the industry regarding Ripple's intentions to go public.

A U.S. court has permitted a new lawsuit against Ripple Labs and its CEO, Brad Garlinghouse, for alleged violations of securities law. The plaintiffs in the case accuse Garlinghouse of making misleading statements during a 2017 interview, which they argue qualifies the XRP token as a security.

A new class-action lawsuit has been filed in the Northern District of California against Ripple Labs Inc., its CEO Brad Garlinghouse, and its subsidiary XRP II, LLC.

The U.S. Securities and Exchange Commission (SEC) filed a court order requiring Ripple (XRP) to disclose its institutional investor information for the last two years. This development stems from a judge's earlier ruling that classified XRP as a security when specifically sold to institutional investors.

Ripple's Technical Director, David Schwartz, has stated that the development team can quickly implement an Automatic Market Maker (AMM) feature if validators support this proposal.

Ripple contends that there is no justification for the SEC to appeal its partial loss while the case remains unresolved. Ripple’s legal team has presented three primary arguments in response to the SEC’s appeal request: Аn appeal requires a pure question of law and that the SEC’s request raises no new legal issues that need to be reviewed. SEC’s argument that the court ruled incorrectly on the matter is not sufficient. An immediate appeal will not advance the termination litigation proceedings.

A federal judge denied the U.S. Securities and Exchange Commission's (SEC) request for an appeal against Ripple, asserting that the regulator did not demonstrate significant reasons to justify disagreements in opinions. However, he has set a court hearing date for April 2024 to address certain issues in the case.