Ripple vs. SEC Appeal Deadline: What to Expect by Oct. 18.
The lengthy battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is approaching a critical point. Confusion around the SEC’s deadline for filing Form C has stirred discussion within the XRP community, with recent updates providing clarity. The Ripple vs. SEC Appeal Deadline is now set for Oct. 18, extending the legal process that has captured the attention of XRP holders.
New Court Document Clears Confusion
Initial assumptions within the XRP community pointed to an Oct. 16 deadline for the SEC to file Form C. Attorney Jeremy Hogan and others were uncertain about the deadline, which caused some celebration when no updates appeared.
However, Fox Business journalist Eleanor Terrett shared a court document from the U.S. Court of Appeals for the Second Circuit, clarifying the situation. The SEC’s notice of appeal, related to the Aug. 7 ruling, was officially docketed on Oct. 4 under case number 24-2648.
Docketing Notice for SEC vs. Ripple Appeal. Source: Eleanor Terrett/X
This filing changed the assumed timeline. Many in the XRP community believed the SEC had missed its deadline, but the court document confirms the SEC has until Oct. 18 to submit its Form C.
Ripple Prepares to Respond Following SEC Submission
In an X post, FOX Business correspondent Eleanor Terrett revealed the steps and timeline of the proceeding of the Ripple vs. SEC lawsuit appeal.
Stuart Alderoty Discusses Ripple’s Appeal Timeline with Eleanor Terrett. Source: X
Stuart Alderoty, Ripple’s Chief Legal Officer, outlined the timeline. After the SEC submits Form C, Ripple will have seven days to file its own. Both sides will then agree on a briefing schedule, with the SEC having 90 days to file its initial legal brief.
According to Alderoty, if the SEC files its Form C, this case will be extended until mid-2025.
Ripple (XRP) Price Remains Up Despite Deadline Shift
Despite the initial confusion, XRP continues to show strength in the market. Following the speculation that the SEC missed its deadline, XRP saw a price increase of around 3.24% over the past 24 hours, now trading at $0.5568. Even with the clarified deadline extending to Oct. 18, the token has maintained its upward momentum.
XRP/USD 1-day chart. Credit: CoinMarketCap
The community now turns its attention to Oct. 18 as Ripple and the SEC gear up for the next stage of this highly watched case, which will most likely continue until 2025.
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