The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is one of the most significant and closely watched cases in the cryptocurrency industry. Recently, Ripple requested an extended deadline of April 16, 2025, to respond to the SEC’s appeal, potentially prolonging the uncertainty surrounding XRP’s future. Despite this, Ripple’s legal team is standing firm, confident that the appeal is merely a rehash of old arguments. They are hopeful that a change in SEC leadership could lead to the dismissal of the case.
The SEC’s appeal signals that the regulator is determined to pursue the matter, even following Gary Gensler’s departure from his role as SEC chair. However, legal experts like Jeremy Hogan have voiced strong criticism of the SEC’s position, pointing out that they have yet to prove that XRP buyers expected profits from Ripple’s efforts, which remains a core issue in the case. Although the SEC’s case may have vulnerabilities, the outcome is still uncertain, and the crypto world is bracing for its resolution.
Former SEC lawyer Marc Fagel also weighed in on Ripple’s extended deadline, offering insights on the potential implications for the case. If the SEC wins the appeal and XRP is classified as a security, Ripple could face more legal hurdles, which might hinder its progress and partnerships. Such an outcome would be a setback, particularly in international markets like Asia, the Middle East, and Europe, where Ripple has made substantial inroads with its cross-border payment solutions.
Also Read: Ripple vs. SEC: Legal Experts Predict Dismissal or Settlement—What’s Next for XRP?
Ripple’s standing in these global markets remains strong, however, as its payment solutions continue to be some of the most efficient in the crypto space. Despite the uncertainty of the legal battle, Ripple is not backing down and is prepared for whatever lies ahead.
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.