Brad Garlinghouse, the CEO of Ripple, and Chris Larsen, the executive chairman, have informed the court that they will be unavailable for court appearances for a two-week period in April. This decision was made in compliance with the court’s instructions on the final pretrial meeting and order. Interestingly, the chosen dates align with the timing of Bitcoin’s 2024 halving, adding an intriguing aspect to the situation.
The attorneys representing the Ripple executives have formally communicated to Judge Analisa Torres about their unavailability for pretrial proceedings. According to the court document, Garlinghouse and Larsen will be unavailable from April 1 to 14, 2024, for reasons that have not been explicitly stated. Notably, this time frame coincides with the Bitcoin halving event, where the mining reward is reduced by half.
The filing of these dates is in response to a previous pretrial scheduling order issued by Judge Torres, who aims to establish a specific date for the final pretrial conference after determining the trial date itself. It is worth noting that cryptocurrency prices often experience a surge leading up to and following Bitcoin halving events. Therefore, the choice of dates for the executives’ unavailability may suggest that they anticipate some sort of volatile movements in XRP’s price around the time of the halving.
Currently, XRP is trading at $0.518, showing a 0.1% increase over the past 24 hours but a decline of 14% over the week. The market will be closely watching for any developments related to Ripple’s court appearances and the potential impact of the Bitcoin halving on XRP’s price.
Please note that this news article is for informational purposes only and should not be considered as financial advice. Investors and traders should conduct their own research before making any investment decisions.