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Ripple’s SEC appeal is moving forward, with key deadlines set by 2025.
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A possible shutdown of the U.S. federal government could delay SEC’s response in Ripple’s matter.
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Ripple is confident despite the ongoing challenges and appeals of the XRP litigation.
The appeal of the Ripple vs. SEC case is moving forward. The Ninth Circuit Court of Appeals has scheduled key dates in 2025.
A potential U.S. shutdown threatens to delay the already long-running legal battle, and a final decision on XRP’s regulatory status. The crypto community is watching closely as the court has set March 6, 2025 for the appeal. Ripple and its CEO Brad Garlinghouse are expected to file their answers by April 7, 2025.
Plaintiff Bradley Sostack will need to submit a request for mediation by December 23, 2024, before the main event takes place in 2025.
The appeal transcript is due by January 30, 2025. Additionally, the hearing order for the appeal has been set for December 31. The court’s filing states failure to submit these documents can result in the appeal being rejected, ensuring both parties adhere to the deadlines.
Ripple SEC Lawsuit – The Appeal
Bradley Sostack, despite Ripple’s victory in district court where Judge Phyllis Hamilton ruled for the company and granted orders to amend, continues to contest the outcome. He wants to appeal the rulings in order to overturn the decision of the court.
Read Also: Ripple Vs. SEC – Missed Appeal deadline Could End XRP Case
The SEC is facing additional challenges as the XRP litigation continues. The U.S. Government is at risk of a government shutdown due to funding claims. This raises concerns about delays in SEC’s response.
The shutdown of the government could complicate litigation, delay decisions and add additional pressure to all parties involved.
The SEC’s delayed response could also give Ripple additional time to prepare for its defense. However, they may also delay a definitive resolution on XRP’s regulatory status.
