In a twist of fate worthy of a Chekhov play, the crypto world’s favorite courtroom drama, Ripple vs. SEC, has just taken another unexpected turn. Our beloved Ripple Labs, ever the master of timing, has decided to extend the agony of this lawsuit until mid-April. Yes, you heard it right, folks! The saga continues, much to the delight (or chagrin) of all involved.
Ripple to File Its Appeal Brief in SEC Case by Mid-April – Because Why Not?
On January 24, Ripple Labs dropped a letter to the U.S. Court of Appeals for the Second Circuit, requesting a due date of April 16 for its brief. A date chosen not by a calendar, but by a cosmic dice roll, one assumes. In this letter, Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen, in a display of solidarity, agreed to the same date. Because teamwork makes the dream work, right?
“Under this Court’s Rule 31.2(a)(1)(B), Ripple requests a due date of April 16, 2025 for its brief. I am authorized to state that Appellees Bradley Garlinghouse and Christian A. Larsen join in this request.” 🤷♂️
Lawyers Anticipate Dismissal of Ripple SEC Case – Or Do They?
The XRP community, ever hopeful, believes a settlement or dismissal is on the horizon. Gary Gensler’s exit and the pro-crypto SEC under President Donald Trump are seen as the light at the end of the tunnel. Lawyer Jeremy Hogan, ever the optimist, thinks the due date request is standard, while the SEC had 90 days to draft its initial brief. “The only question here is – will the brief need to be filed at all?” he pondered aloud, probably while sipping on some fine wine. 🍷
Pro-XRP lawyer Bill Morgan, ever the skeptic, believes the case will end by the proposed date, speculating that SEC Chair Paul Atkins might decide not to pursue the appeal. He quipped, “It’s just a strategy to buy time to negotiate and formalize the SEC’s abject surrender.” 🤦♂️
US SEC Argued XRP Is Security in its Opening Brief – Again!
Last week, the SEC filed its opening brief, challenging Judge Analisa Torres’ ruling on XRP sales. They argued that Judge Torres made a mistake in her July 2023 ruling that XRP is not a security. Ripple’s chief legal officer Stuart Alderoty, ever the contrarian, called the SEC’s appeal “a rehash of already failed arguments.” Ripple executives, ever the optimists, are confident the lawsuit will be abandoned by the Trump administration. 🤞
Earlier this week, Better Markets filed an Amicus brief supporting the SEC, arguing that XRP sales by Ripple Labs constitute an investment contract. Because why not add more fuel to the fire? 🚒
Read More
- REPO: All Guns & How To Get Them
- Unlock the Ultimate Armor Sets in Kingdom Come: Deliverance 2!
- Top 5 Swords in Kingdom Come Deliverance 2
- One Piece 1142 Spoilers: Loki Unleashes Chaos While Holy Knights Strike!
- LUNC PREDICTION. LUNC cryptocurrency
- REPO: How To Play Online With Friends
- 6 Best Mechs for Beginners in Mecha Break to Dominate Matches!
- Unleash Willow’s Power: The Ultimate Build for Reverse: 1999!
- How to Reach 80,000M in Dead Rails
- BTC PREDICTION. BTC cryptocurrency
2025-01-24 16:56