Ripple $3.2Presented the proposed calendar for a short appeal in the anti -SEC case. This development caused the XRP case to be postponed to a further date than the previously estimated April or May.
Ripple, case dates
In the court file on January 24, Ripple Labs requested the deadline for the Declaration of the US Court of Appeal and the Declaration of Cross Appeal and Cross appeal. The company proposed to submit the declaration of appeal until 16 April.
The letter also stated that Ripple CEO Brad Garlinghouse and Chairman of the Board of Directors Chris Larsen accepted the same date.
In accordance with the rule of this court 31.2 (a) (1) (b), Ripple requests the date of April 16, 2025 for the declaration. Bradley Garlinghouse and Christian A. Larsen join this request.
The XRP community and the lawyers who closely followed the case thought that the Ripple-SEC case would have reached a final result in an agreement or rejected. Gary Gensler’s resignation and President Donald Trump period triggers the end of the XRP case.
Lawyer Jeremy Hogan, Ripple’s demand for the last date is quite standard, he said. Hogan said that SEC was 90 days to prepare the first declaration, and the only question here is whether the declaration is really needed, ”he said.
The XRP defender lawyer Bill Morgan predicts that Paul Atkins, the President of the SEC Paul Atkins and to end the appeal and to end the Ripple-SEC case until the proposed date.
SEC OPENING DECLARATION
Last week, the US Securities and Stock Exchange Commission (SEC) discussed the Analysta Torres judge’s decision on the sales of XRP by Ripple Labs and submitted the opening declaration of the XRP itself that it was a securities. At the time of this move, it is worth remembering that Gensler is still president and that the president has changed on Monday.
Ripple’s Chief Legal Authority Stuart Alderoty described the appeal of SEC as a “process in which already failed arguments are repeated”. Ripple executives have a positive attitude to the abandonment of the case by the Trump administration.
At the beginning of this week, Better Markets presented a declaration of Amicus, which supports the SEC, arguing that XRP sales by Ripple Labs constitute an investment agreement.
The course of the Ripple-SEC case is closely monitored and the results may affect the crypto markets.
The case between Ripple and SEC has an important place in the crypto currency world. The prolongation of the case may cause companies to reconsider their strategies and market dynamics. The legal status of the XRP is generally critical for the future of the crypto currency sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
