Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Ripple Labs has requested an April 16, 2025 deadline to file its cross-appeal brief in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The request, filed on January 23, 2025, with the U.S. Court of Appeals for the Second Circuit, is supported by Ripple's CEO Brad Garlinghouse and co-founder Chris Larsen. Ripple's legal team, including Michael Kellogg, submitted the filing. This procedural move follows the SEC's appeal of a July 2023 ruling by Judge Analisa Torres of the New York District Court, which declared XRP retail sales were not securities, though institutional sales were found to have violated securities laws. The case, which began in December 2020, has significant implications for the cryptocurrency industry and investor protections. Market observers are speculating on whether the SEC might withdraw its appeal before Ripple's filing. The SEC has recently launched a crypto task force to address regulatory challenges in the sector.
RIPPLE PUSHES APRIL 2025 DEADLINE IN SEC LEGAL CLASH Ripple’s asking for an April 16, 2025 deadline to file its cross-appeal brief, keeping the SEC tied up in their years-long XRP battle. The SEC’s still hung up on retail XRP sales, even after losing that argument in July 2023… https://t.co/YPq3EZ2cqf
RIPPLE LOCKS IN APRIL 2025 DEADLINE FOR SEC SHOWDOWN Ripple’s calling the shots, asking the court for an April 16, 2025 deadline to drop their cross-appeal brief. The SEC’s still salty over that July 2023 ruling where Ripple scored a W: retail XRP sales ≠ securities. But… https://t.co/3hsFDp5aHZ
🚨XRP Ripple vs SEC update: -Ripple requested an April 16 deadline to file its cross-appeal brief in its ongoing legal battle with the SEC. -This procedural move follows the SEC’s recent filing challenging the 2023 ruling that XRP sold to retail investors were not securities… https://t.co/HCG8G5D8qi
