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Home” Regulation” SEC demands extension in Ripple case to January 2025
by
Estefano Gomez
Oct. 24, 2024
SEC asks to extend Ripple appeal due date as legal fight continues.
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The SEC has actually submitted an ask for an extension in its continuous appeal case versus Ripple Labs, looking for to move the due date for its primary short to January 15, 2025.
This demand was exposed by defense attorney James Filan in a post on X. Legal specialists, consisting of pro-XRP lawyer Fred Rispoli, have actually mentioned that the case might last up until 2026.
The timing of this demand accompanies Ripple’ s much-anticipated Form C filing, which is anticipated to clarify which parts of Judge Analisa Torres’ judgment Ripple plans to cross-appeal.
FOX Business reporter Eleanor Terrett showed that the Form C was anticipated to be submitted today, however since yet, it has actually not emerged.
The SEC’ s continuous legal maneuvers have actually been carefully followed by the crypto neighborhood, with numerous hypothesizing on the factors for these hold-ups.
Ripple’ s CEO Brad Garlinghouse has actually openly slammed the SEC for what he considers as overreach, additional heightening the general public discourse surrounding the case.
The SEC’ s ask for a prolonged due date is seen by some as a legal method, while others see it as an indication of prospective problems within the Commission’ s appeal procedure.
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