XRP Community Member: January 11 Court Hearing Crucial for Ripple and Cryptocurrency Industry

January 11th has been set as the court hearing date for the long-standing legal dispute between Ripple and a group of XRP investors. The outcome of this case is significant as it could set another precedent for the cryptocurrency industry and its stakeholders.

Crypto Eri, a well-known member of the XRP community, stated that the court hearing scheduled for January 11th will focus on the motion to approve the form and manner of the class notice. This means that the court will establish certain legal procedures to guide both parties throughout the case.

Previously, despite Ripple's argument that there were not enough people to bring a lawsuit, the judge has approved the class action. If these investors ultimately prevail over the cryptocurrency company, Ripple may be forced to part ways and receive substantial compensation.