{"id":35503,"date":"2025-01-25T20:00:47","date_gmt":"2025-01-25T17:00:47","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=35503"},"modified":"2025-01-25T19:46:53","modified_gmt":"2025-01-25T16:46:53","slug":"ripple-requests-deadline-for-cross-appeal-brief-in-sec-case","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ripple-requests-deadline-for-cross-appeal-brief-in-sec-case\/","title":{"rendered":"Ripple Requests Deadline for Cross-Appeal Brief in SEC Case"},"content":{"rendered":"

Ripple Labs<\/a> <\/strong>has requested a deadline for its cross-appeal brief in its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC)<\/strong>.<\/p>\n

Ripple Labs has formally requested an April 16 deadline for its cross-appeal brief in its ongoing legal battle with the SEC. This move is considered standard procedure.<\/p>\n

Michael Kellogg, a member of Ripple\u2019s legal team,<\/strong> stated in a January 23 filing that the company\u2019s CEO, Brad Garlinghouse, and co-founder, Chris Larsen, are also joining this request.<\/p>\n

A brief deadline is the date by which a party must submit a written legal argument to the court. Typically, a brief is required within a specific period after the appealing party files its opening brief. The timeline, including a possible extension, depends on the specific court\u2019s rules.<\/p>\n

This development follows a January 15 filing from the SEC, where the commission argued that the New York District Court was wrong in ruling that XRP sold to retail investors were not considered securities. The SEC also argued that XRP provided as employee compensation and in business dealings should have been classified as a security. The New York District Court\u2019s 2023 ruling was considered a partial victory for Ripple at the time.<\/p>\n

Judge Torres later fined Ripple over $125 million for violating securities laws, considering that Ripple also offered XRP in institutional sales.<\/p>\n

Will the SEC Drop the Ripple Case?<\/h2>\n

Ripple\u2019s request has once again turned the spotlight on this ongoing and critical crypto court case. However, some expected the SEC to withdraw the case.<\/p>\n

Jeremy Hogan, partner at Hogan & Hogan, commented on X:<\/strong><\/p>\n

“This is very standard. The SEC also had 90 days to draft its initial brief. The only question here is \u2014 will the brief need to be filed at all?”<\/p>\n

Related tweet:<\/strong><\/a><\/p>\n

\"hogann\"<\/p>\n

Many XRP supporters<\/strong> are asking the same question. Since January 20, the SEC has been led by acting Chair Mark Uyeda, who was appointed by President Donald Trump and is known to be crypto-friendly. The agency is reportedly considering dropping certain crypto enforcement cases.<\/p>\n

During President Trump’s second term, his administration began embracing the digital assets space. The president followed through on his campaign promise to pardon Silk Road founder Ross Ulbricht, created a working group to explore a U.S. crypto reserve, and appointed David Sacks as the White House\u2019s AI and crypto czar.<\/p>\n

In December 2020, the SEC filed a lawsuit against Ripple, alleging that the company violated securities laws through the sale of its XRP cryptocurrency. The legal battle has been ongoing since then.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,<\/span>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0<\/span>channels for the latest\u00a0news<\/a>\u00a0<\/strong><\/span>and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Ripple Labs has requested a deadline for its cross-appeal brief in its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). Ripple Labs has formally requested an April 16 deadline for its cross-appeal brief in its ongoing legal battle with the SEC. This move is considered standard procedure. Michael Kellogg, a member of<\/p>\n","protected":false},"author":29,"featured_media":35507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[11238,11239,7429,506],"class_list":["post-35503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-ripple-case","tag-ripple-case-latest","tag-sec-xrp-ripple-case","tag-xrp"],"yoast_head":"\nRipple Requests Deadline for Cross-Appeal Brief in SEC Case - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ripple-requests-deadline-for-cross-appeal-brief-in-sec-case\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Requests Deadline for Cross-Appeal Brief in SEC Case - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Ripple Labs has requested a deadline for its cross-appeal brief in its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). 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