Ripple and SEC Brace for Lengthy Appeal Process, Could Stretch Into 2026
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is set to enter a new, extended phase as both sides prepare for a drawn-out appeal process that could last until 2026. The case, which began in December 2020, centers around whether Ripple’s XRP token qualifies as a security and if Ripple engaged in unlicensed sales of XRP. The outcome of this case could have a lasting impact on cryptocurrency regulations.
Key Steps in the Appeal Process
The next significant milestone in the case is the SEC’s filing of Form C, due by October 16, 2024. This document will outline the specific legal issues the agency plans to advance in the appeal. Ripple will respond with its own Form C within a week, focusing on the court’s ruling that found certain institutional XRP sales to be unregistered securities transactions.
Once both parties submit these forms, they will coordinate on a timeline for filing legal briefs. The SEC is expected to take up to 90 days to file its opening brief, likely by mid-January 2025. Ripple will then provide its rebuttal, leading to a prolonged legal back-and-forth that could extend into 2026, depending on the complexity of the arguments presented.
Ripple’s Cross-Appeal and Legal Strategy
Ripple’s cross-appeal will specifically target the court’s earlier finding that institutional sales of XRP violated securities laws. Both sides are preparing for a lengthy process, as the issues at stake have significant implications for the broader crypto industry. If XRP is ultimately classified as a security, it could set a precedent for how other digital assets are regulated in the U.S.
Potential Industry Impact
As this case drags on, the outcome will be closely watched by the entire cryptocurrency market. The final ruling could reshape the regulatory landscape, affecting how cryptocurrencies are traded, issued, and regulated moving forward.
Conclusion
The Ripple-SEC legal battle is far from over, with the appeal process expected to continue for years. As both sides prepare for what could be a landmark decision, the crypto industry is watching closely. The stakes are high, as the outcome will likely influence how digital assets are treated under U.S. law.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. The views expressed are those of the author and not necessarily those of CryptoInsider. Readers are encouraged to conduct their own research before making any financial decisions.
