- Ripple’s appeal against the SEC is moving forward with key deadlines set for 2025.
- SEC’s response to Ripple’s case could be delayed by a potential U.S. government shutdown.
- Ripple remains confident despite ongoing challenges and appeals in the XRP lawsuit.
The Ripple vs. SEC lawsuit appeal is moving forward, with the Ninth Circuit Court of Appeals scheduling key dates for 2025.
However, a potential U.S. government shutdown looms, threatening to delay the already protracted legal battle and a final resolution on XRP’s regulatory status. As the crypto community watches closely, 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.
Key Dates: Mediation and Transcript Orders
Before the main event in 2025, plaintiff Bradley Sostack must file a mediation request by December 23, 2024.
Additionally, the appeal hearing order is set for Dec 31, with the appeal transcript scheduled to be submitted by January 30, 2025. The court’s filing states that failure to submit these documents could result in the rejection of the appeal, ensuring that both parties adhere to the outlined deadlines.
Ripple SEC Lawsuit: The Appeal
Despite Ripple’s 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. He seeks to appeal the rulings, hoping to overturn the court’s decision.
Read also: Ripple vs. SEC: Missed Appeal Deadline Could End XRP Lawsuit
However, 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.
Additionally, 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.
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