XRP Lawsuit: US Appeals Court Announces Schedule for Ripple Case

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As a seasoned analyst with over two decades of experience in the financial markets, I have witnessed numerous legal battles unfold in this industry. The latest development in the XRP lawsuit is another chapter in the ongoing saga that has captivated the crypto community for years.

According to recent updates, the US Court of Appeals has set new dates for the XRP lawsuit, as indicated in the filing notice submitted to the district court. Specifically, the main brief from the opposing side is due on March 6, 2024, and Ripple Labs, XRP II, and CEO Brad Garlinghouse will respond with their rebuttal by April 7, 2025.

Currently, the U.S. Securities and Exchange Commission is working on drafting their main argument, with the expectation that Chair Gary Gensler will step down from his position as SEC Chair soon after.

US Appeals Court Release Dates for Ripple XRP Lawsuit

In simpler terms, the Ninth U.S. Circuit Court of Appeals acknowledged receipt of the appeal in the Ripple case and assigned a unique identification number. The court also requested that any requests for special consideration should be submitted individually.

Just as with an appeals filing at the U.S. Securities and Exchange Commission, the person making the claim (plaintiff) needs to submit a Disclosure Statement within 14 days of receiving this notice. Failing to file the necessary documents for the appeals court could result in dismissal of the appeal in the XRP lawsuit.

According to the set timeline in our research, I, as a researcher, must submit the Mediation Questionnaire by December 23. The Appeal Transcript Order and Appeal Transcript have been scheduled for December 31 and January 30 respectively.

As a researcher, I’m preparing to share my opening arguments on March 6th, which will establish the foundation for our appeals against Ripple, Ripple Labs, and its CEO, Brad Garlinghouse. By April 7th, we expect responses in the form of Appeal Answering Briefs from the parties involved.

According to the court’s instructions, if there are recorded proceedings, each party should designate and, if needed, exchange the transcripts following 9th Cir. Rule 10-3. However, if there are no recorded hearings, the deadlines for submitting transcripts do not apply.

District Court Rule in Favor of Ripple

Earlier reports by CoinGape indicate that the main plaintiff, Bradley Sostack, has lodged an appeal against recent verdicts that have favored Ripple Labs, XRP II, and their CEO, Brad Garlinghouse.

In simpler terms, Judge Phyllis Hamilton approved the request to modify the ruling regarding the case involving the XRP lawsuit. Both parties presented an agreement to the court, stating that since the class claims had been settled, there was no justification for further delay in rendering a judgment.

Currently, the Ripple vs SEC lawsuit in the Second Circuit Appeals Court is garnering attention. Ripple’s leaders and the crypto community are optimistic that the lawsuit will be dropped or dismissed. Yet, some express worries about potential complications arising from Gary Gensler’s departure, which is scheduled for January 20 – just five days after the main brief deadline.

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2024-12-20 19:30