Ripple Seeks April Deadline for Cross-Appeal Brief in SEC Case
Ripple Requests April 16, 2025, Deadline for Cross-Appeal 📜
In the ongoing Ripple vs. SEC lawsuit, Ripple Labs has formally requested the U.S. Court of Appeals for the Second Circuit to set April 16, 2025, as the deadline for its cross-appeal brief.
The legal team submitted the request on January 23, stating that CEO Brad Garlinghouse and co-founder Chris Larsen also support the motion.
📢 “Ripple requests that its brief be due on April 16, 2025,” wrote Michael Kellogg, a Ripple attorney. He confirmed that both Garlinghouse and Larsen fully endorse this request.
Ripple’s Legal Battle: A Major Crypto Victory ⚖️
Ripple secured a key legal win in July 2023 when Judge Analisa Torres ruled that XRP is not a security. However, the court found that Ripple’s institutional sales of XRP violated securities laws.
The lawsuit began in December 2020, when the SEC filed a complaint against Ripple and its executives. Now, market watchers speculate whether the new SEC leadership will drop its appeal before Ripple submits its cross-appeal brief.
SEC’s Changing Stance on Crypto Regulations 📈
On January 21, interim SEC chair Mark Uyeda announced a crypto task force to evaluate regulatory strategies. Reports suggest that the SEC may consider dropping some of its cryptocurrency lawsuits.
Two days later, U.S. President Donald Trump signed an executive order to establish a working committee focused on crypto regulations and legislative recommendations. The order also hinted at a potential stockpile of digital assets by the government.
🚀 With Ripple pushing forward in its legal battle and shifting regulatory tides, the crypto industry eagerly awaits the next steps in this high-profile case.
