The Ripple vs. SEC lawsuit appeal is making progress, with the Ninth Circuit Court of Appeals setting important dates for 2025. This development comes after a recent tweet by RippleLord announcing a new court date against the SEC, signaling a potential end to the long-standing legal battle.
However, the looming threat of a U.S. government shutdown could further delay the resolution of XRP’s regulatory status. The court has scheduled the appeal for March 6, 2025, with Ripple and CEO Brad Garlinghouse expected to file their answering briefs by April 7, 2025.
Key Dates: Mediation and Transcript Orders
Leading up to the main appeal in 2025, plaintiff Bradley Sostack must file a mediation request by December 23, 2024. Additionally, the appeal hearing order is set for December 31, with the appeal transcript due by January 30, 2025. Failure to meet these deadlines could result in the rejection of the appeal, emphasizing the importance of adherence to the court’s timeline.
Ripple SEC Lawsuit: The Appeal
Despite Ripple’s victory in district court, plaintiff Bradley Sostack is persisting in challenging the outcome and seeks to appeal the rulings. This ongoing legal battle has significant implications for the crypto community, with the SEC facing obstacles due to a potential government shutdown that could further complicate the litigation process.
The delayed responses from the SEC may provide Ripple with additional time to prepare its defense, but it also prolongs the uncertainty surrounding XRP’s regulatory status. The outcome of this appeal will have far-reaching consequences for both Ripple and the broader cryptocurrency market.
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