The ongoing legal battle between the SEC and Ripple Labs is set to take another turn, as the SEC has sought an extension for its appeal, proposing to push back the deadline for its primary brief to January 15, 2025.
This update was disclosed by defense attorney James Filan on X, and some experts, including XRP advocate Fred Rispoli, speculate that the case could extend into 2026.
This request for more time comes at a pivotal moment, coinciding with Ripple’s anticipated Form C filing, which aims to clarify which components of Judge Analisa Torres’ ruling Ripple plans to challenge. FOX Business journalist Eleanor Terrett indicated that the Form C was expected to be submitted today, though it has not yet appeared.
The crypto community has been keenly observing the SEC’s actions, with many discussing the implications of these delays.
Ripple CEO Brad Garlinghouse has openly criticized the SEC, alleging that the agency is overstepping its boundaries, which has fueled further public discourse about the ongoing case.
Some view the SEC’s request for an extended deadline as a strategic legal maneuver, while others interpret it as a sign of possible complications within the Commission’s appeal process.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
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