Though the long-standing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) appeared over in August, the ever-tenacious regulator has continued the dispute by appealing the final ruling, particularly the elements concluding that the company’s programmatic sales of XRP do not constitute securities violations.
Despite this reignition of tension, parties monitoring the conflict are now unlikely to see further developments until early 2025.
Specifically, a filing from October 31 shows that the U.S. Court of Appeals for the Second Circuit has set January 15 as the deadline for the SEC’s principal brief.
#XRPCommunity #SECGov v. #Ripple #XRP The Second Circuit Court of Appeals has entered an Order that the @SECGov’s brief must be filed on or before January 15, 2025. pic.twitter.com/E3TE5tBDAy
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) November 1, 2024
Furthermore, the Court will fulfill Ripple’s desire to dismiss the case should th
We współpracy z: https://finbold.com/ripple-v-sec-case-update-november-1-2024/
