Ripple Seeks Time Extension to Respond to SEC Appeal

  • Ripple requests an April 16, 2025, deadline to file its opening brief in the SEC case.
  • The SEC appeals court ruling, arguing that XRP sales should be classified as securities.
  • Legal experts criticize the SEC’s appeal, questioning its strength and claims about retail investors.

Ripple Labs has requested an extension to file its opening brief in the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The company has proposed April 16, 2025, as the new deadline to respond to the SEC’s appeal of the court’s prior ruling. This move highlights that the dispute remains unresolved, despite earlier hopes for a potential compromise.

SEC Appeals XRP Ruling

The SEC’s appeal challenges a ruling that deemed certain XRP sales as non-securities, arguing that errors were made in the decision. The regulator maintains its position that XRP sales on exchanges qualify as securities transactions, a claim central to its case against Ripple.

Related: SEC’s First Meeting in January 2025: Will Ripple Lawsuit See Resolution?

However, the SEC has pushed forward with its appeal, claiming that the decision contained critical errors. The regulator argues that XRP sales on exchanges should be classified as securities, a point that has been central to the SEC’s case against Ripple.

Despite the SEC’s determination to continue the legal battle, Ripple remains confident in its position. The company’s legal team, led by Stuart Alderoty, has expressed confidence that the SEC’s appeal will ultimately fail. 

Ripple’s legal team, led by Stuart Alderoty, remains confident in defending its position. Alderoty referred to the SEC’s appeal as “just noise,” suggesting that future administrations may dismiss the case entirely. Ripple continues to advocate for clearer crypto regulations that foster innovation in the U.S.

Related: SEC Forms Crypto Task Force Led by Hester Peirce: Ripple Reacts

Legal analysts have voiced skepticism about the SEC’s case. Attorney Jeremy Hogan criticized the regulator’s arguments, noting the difficulty of proving that retail investors relied on Ripple’s efforts for profit, especially those unaware of Ripple’s operations. Hogan predicts that the second circuit court may not rule in the SEC’s favor.

Ripple’s legal team believes the case will ultimately favor the company, bringing in a more supportive regulation in the crypto industry. While the SEC’s appeal prolongs the battle, Ripple views it as an opportunity to solidify its position in shaping the future of digital assets.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Related Posts

US Crypto Stockpile May Rely on Seized Assets, Analyst Predicts

President Trump’s executive order has triggered underlying events. An FTX creditor has demanded a refund of seized funds for customers. A research analyst believes the US will build its crypto…

Memecoins Reign Supreme, Low-Caps Running the Show

Tokenomist.ai released its latest annual crypto report The report discusses token unlocks, low-caps, and memecoins Memecoins are the absolute star of this cycle, attracting celebrities and large crowds Memecoins are…

Leave a Reply

Your email address will not be published. Required fields are marked *