The ongoing Ripple vs. SEC case remains a focal point of the cryptocurrency world, with new developments constantly shaping its trajectory. As the litigation continues in the Ninth Circuit Court of Appeals, significant deadlines for 2025 have been set, but the potential for a U.S. government shutdown could further complicate the case’s timeline.
Critical Dates for Mediation and Submissions
In the latest court updates, the Ninth Circuit has outlined key dates in the case. Plaintiff Bradley Sostack is required to file a mediation request by December 23, 2024, and submit the appeal transcript by January 30, 2025. These steps are crucial for the appeal to continue, as any missed deadlines could lead to dismissal. An appeal hearing is set for December 31, 2024, with Ripple and Garlinghouse expected to file answering briefs by April 7, 2025, ahead of the March 6, 2025 hearing.
#XRP NEWS FLASH 🚨 Ripple gets a new date from the US court of appeal against the SEC 💪✅️
— RippleLord 🥇 (@Ripplelordz) December 21, 2024
This is a new development according to a close source, as the dragging lawsuit comes to an end on Monday, the 23rd of Dec 2024.
YES!!! WE DID IT 💪💪 WE WON $XRP 🏆 😎 pic.twitter.com/yNf9hWyGY6
Despite the ongoing legal challenges, Ripple maintains confidence. The company secured a favorable ruling from Judge Phyllis Hamilton, who granted motions to amend orders in their favor. However, the appeal continues as Sostack seeks to overturn this decision, prompting Ripple’s legal team to prepare for future filings and hearings.
Ripple’s legal strategy includes meeting the strict court deadlines while anticipating shifts in the legal process. The company remains determined to defend its position as the case proceeds.
Also Read: SEC Shutdown Could Trigger Ripple’s Legal Relief, Boosting XRP Price: Analyst Predicts $5.85 ATH
Potential Delays from Government Shutdown
A looming U.S. government shutdown could further delay the proceedings, especially regarding the SEC’s decision on the appeal. If the government shuts down due to funding disputes, the civil servants involved in the case may face disruptions, slowing the litigation process. While this could buy Ripple more time to prepare its defense, it could also postpone a final resolution on the regulatory status of XRP.
The outcome of this case holds critical implications not only for Ripple but for the broader cryptocurrency industry. As both Ripple and the SEC work to meet deadlines, the possibility of a government shutdown looms as a potential factor in the case’s delay. The legal battle is far from over, and the coming months will be pivotal in determining XRP’s regulatory future.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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