Ripple Seeks Time Extension to Respond to SEC Appeal
- Ripple requests an April 16, 2025, deadline to file its opening brief in the SEC case.
- The SEC appeals court ruling, arguing that XRP sales should be classified as securities.
- Legal experts criticize the SEC’s appeal, questioning its strength and claims about retail investors.
Ripple Labs has requested an extension to file its opening brief in the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The company has proposed April 16, 2025, as the new deadline to respond to the SEC’s appeal of the court’s prior ruling. This move highlights that the dispute remains unresolved, despite earlier hopes for a potential compromise.
SEC Appeals XRP Ruling
The SEC’s appeal challenges a ruling that deemed certain XRP sales as non-securities, arguing that errors were made in the decision. The regulator maintains its position that XRP sales on exchanges qualify as securities transactions, a claim central to its case against Ripple.
Related: SEC’s First Meeting in January 2025: Will Ripple Lawsuit See Resolution?
However, the SEC has pushed forward with its appeal, claimin…
The post Ripple Seeks Time Extension to Respond to SEC Appeal appeared first on Coin Edition.
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Ripple Seeks Time Extension to Respond to SEC Appeal
- Ripple requests an April 16, 2025, deadline to file its opening brief in the SEC case.
- The SEC appeals court ruling, arguing that XRP sales should be classified as securities.
- Legal experts criticize the SEC’s appeal, questioning its strength and claims about retail investors.
Ripple Labs has requested an extension to file its opening brief in the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The company has proposed April 16, 2025, as the new deadline to respond to the SEC’s appeal of the court’s prior ruling. This move highlights that the dispute remains unresolved, despite earlier hopes for a potential compromise.
SEC Appeals XRP Ruling
The SEC’s appeal challenges a ruling that deemed certain XRP sales as non-securities, arguing that errors were made in the decision. The regulator maintains its position that XRP sales on exchanges qualify as securities transactions, a claim central to its case against Ripple.
Related: SEC’s First Meeting in January 2025: Will Ripple Lawsuit See Resolution?
However, the SEC has pushed forward with its appeal, claimin…
The post Ripple Seeks Time Extension to Respond to SEC Appeal appeared first on Coin Edition.
Read More
Ripple’s Monica Long on XRP Utility & Why Regulatory Clarity Precedes IPO