As a seasoned analyst with over two decades of experience in the financial markets, I have witnessed numerous twists and turns in legal battles between regulatory bodies and innovative companies. The latest move by the US SEC to extend the deadline for its principal brief in the Ripple case is yet another unexpected turn in this intriguing saga.
In simple terms, the U.S. Securities and Exchange Commission (SEC) has asked for more time in their appeal case against Ripple by extending the deadline for their main argument. This request comes as speculation builds around Ripple’s anticipated Form C filing, which is due to be submitted today.
US SEC Files For Extension Of Principal Brief Deadline
As a researcher, I’m sharing an update: Defense attorney James Filan disclosed in a recent post that the U.S. Securities and Exchange Commission (SEC) has requested an extension to file its main brief. If granted, this deadline extension would shift from the initial date to January 15, 2025. This prolongation, if approved, could stretch the ongoing case, initially predicted by legal experts like pro-XRP lawyer Fred Rispoli to last until 2026, even further into 2025.
Simultaneously, this advancement occurs while Ripple prepares to submit their Form C, a move that’s been eagerly awaited as it will disclose which aspects of Judge Analisa Torres’ ruling they plan to contest through a cross-appeal. Eleanor Terrett from FOX News announced earlier today that the digital currency company intends to file this form today, but as of now, we haven’t seen any confirmation of that filing.
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2024-10-24 23:11