SEC asks to extend Ripple appeal deadline as legal battle continues.
Key Takeaways
- The SEC has requested to extend the Ripple case deadline to January 2025.
- Ripple's CEO criticizes SEC's perceived overreach in ongoing legal matters.
The SEC has filed a request for an extension in its ongoing appeal case against Ripple Labs, seeking to move the deadline for its principal brief to January 15, 2025.
This request was revealed by defense lawyer James Filan in a post on X. Legal experts, including pro-XRP attorney Fred Rispoli, have stated that the case could last until 2026.
The timing of this request coincides with Ripple’s much-anticipated Form C filing, which is expected to shed light on which parts of Judge Analisa Torres’ ruling Ripple intends to cross-appeal.
FOX Business journalist Eleanor Terrett indicated that the Form C was expected to be filed today, but as of yet, it has not materialized.
The SEC’s ongoing legal maneuvers have been closely followed by the crypto community, with many speculating on the reasons for these delays.
Ripple’s CEO Brad Garlinghouse has publicly criticized the SEC for what he views as overreach, further intensifying the public discourse surrounding the case.
The SEC’s request for an extended deadline is seen by some as a legal strategy, while others view it as a sign of potential complications within the Commission’s appeal process.