tl;dr
Ripple's appeal against the SEC is progressing, with key deadlines set for 2025. The SEC's response could be affected by a potential U.S. government shutdown. Despite ongoing challenges, Ripple remains confident in the XRP lawsuit. The Ninth Circuit Court of Appeals has scheduled key dates for the a...
Ripple's appeal against the SEC is progressing, with key deadlines set for 2025. The SEC's response could be affected by a potential U.S. government shutdown. Despite ongoing challenges, Ripple remains confident in the XRP lawsuit.
The Ninth Circuit Court of Appeals has scheduled key dates for the appeal in 2025. However, a potential U.S. government shutdown may delay the legal battle and the resolution of XRP's regulatory status. Plaintiff Bradley Sostack must file a mediation request by December 23, 2024, with other deadlines set for December 31, 2024, and January 30, 2025.
The SEC's delayed responses may provide Ripple more time to prepare its defense but could also postpone a final resolution on XRP's regulatory status.
A potential U.S. government shutdown looms, threatening to delay the already protracted legal battle and a final resolution on XRP’s regulatory status. The court has set a March 6, 2025 date for the appeal, with Ripple and CEO Brad Garlinghouse expected to file their answering briefs by April 7, 2025.
Before the main event in 2025, plaintiff Bradley Sostack must file a mediation request by December 23, 2024. The appeal hearing order is set for December 31, with the appeal transcript scheduled to be submitted by January 30, 2025. Failure to submit these documents could result in the rejection of the appeal, ensuring that both parties adhere to the outlined deadlines.
Ripples success in district court where Judge Phyllis Hamilton ruled in favor of the company and granted motions to amend orders. Plaintiff Bradley Sostack continues to challenge the outcome and seeks to appeal the rulings, hoping to overturn the court’s decision. As the XRP lawsuit continues, the SEC faces additional challenges. The U.S. government is approaching the risk of a shutdown due to funding claims, raising concerns about delays in the SEC’s response to the appeal.
The government shutdown could further complicate the litigation, delaying decisions and adding additional pressure on all parties involved. The SEC’s delayed responses could give Ripple more time to prepare its defense, but they may also delay a final resolution on XRP’s regulatory status.