Bitcoin (btc) 
Ripple vs. SEC Case Update: Ripple Labs Requests Cross-Appeal Brief Deadline
Ripple Labs has submitted a request to the U.S. Court of Appeals for the Second Circuit, seeking an April 16, 2025 deadline for its cross-appeal brief in the ongoing Ripple vs. SEC case. The request was filed on January 23 by the company’s legal team, with Ripple co-founder Chris Larsen and CEO Brad Garlinghouse joining in the appeal.
Background on the SEC Case
The SEC recently filed its brief, arguing against the ruling that retail sales of XRP were not securities. In July 2023, Judge Analisa Torres of the New York District Court ruled that XRP was not a security, marking a significant victory for Ripple and the broader crypto industry. However, the court determined that Ripple violated securities laws in its institutional sales of the XRP token.
Market Speculation and SEC Leadership
Despite being standard procedure in the U.S. court system, market observers are speculating whether the new SEC leadership might withdraw its appeal before Ripple files its cross-appeal brief. On January 21, acting SEC chair Mark Uyeda announced a crypto task force to look into the agency’s approach to regulation of the sector. The SEC has also been considering withdrawing certain crypto lawsuits.
U.S. Crypto Regulation Developments
Two days after the SEC announcement, U.S. President Donald Trump signed a crypto executive order establishing a working group to address crypto regulation and legislative proposals. The executive order also referenced a potential digital assets stockpile.
As the Ripple vs. SEC case continues to unfold, market participants are closely watching the developments and their potential impact on the crypto industry. For the latest updates on crypto news, visit Global Crypto News.
“I write on behalf of Appellee-Cross-Appellant Ripple Labs Inc (“Ripple”) concerning the above appeal and cross-appeal. Under this Court’s Rule 31.2(a)(1)(B), Ripple requests a due date of April 16, 2025 for its brief. I am authorized to state that Appellees Bradley Garlinghouse and Christian A. Larsen join in this request.” – Michael Kellogg, Ripple Labs legal team member
Tips for Following the Ripple vs. SEC Case
• Stay informed about the latest developments in the case through reputable crypto news sources.
• Understand the implications of the case on the crypto industry and the potential impact on XRP prices.
• Follow updates on U.S. crypto regulation and its potential effects on the industry.
