We mentioned that the SEC could file an appeal until October 7, and the SEC did so without waiting for the last day. This XRP Coin We mentioned that it could reduce the price and the price dropped to 0.5 level. Then, we mentioned that the XRP Coin price may miss this bull season due to the prolonged litigation process, and time will tell whether this happens or not.
Ripple Case Latest Situation
SEC which has the potential to harm the struggle in the field of crypto, which will see this through to the end. Ripple 
$0.545542 court Trying to block his decision. If he produces strong arguments and is convincing, he can score 3 goals. What were these?
- Summary judgment that XRP sales on exchanges are not securities.
- The billion-dollar fine requested for corporate sales was reduced to 125 million dollars with a 94% discount.
- He was forced to drop the accusations against Ripple executives.
Eleanor Terrett of Fox Business today Ripple He talked about his interview with legal director Stuart Alderoty. It’s been a few minutes, and the most important detail here is that the appeal process will continue until at least July 2025. We mentioned that after the appeal, the process may be extended until the beginning of 2026, and this situation may suppress the XRP Coin price during the possible bull season, as in 2021. As we have stated many times, this is clearly the situation and there is a major obstacle for Ripple to focus on its business for XRP Coin.
Terrett wrote:
“I just had a great chat with Stuart. He gave me important information regarding the timeline.
The SEC’s last day to file C (which will provide some detail about what it plans to appeal) is tomorrow.
Fourteen days later, Ripple will file its own Form C, which will provide more details about its cross-appeal.
Both parties will then agree on a briefing schedule and the SEC will have up to 90 days to file an initial brief. Alderoty says he expects them to use the full 90 days. This opening brief will be a complete summary of all the legal arguments the SEC will make. Ripple will provide a response followed by its own summary.
According to Alderoty, the full briefing process will continue until July 2025.”
Of course, the process will not end immediately after this and will probably continue until the end of the year. This situation may suppress the price of XRP Coin.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
