Ripple seeks April deadline for cross-appeal brief in SEC case

Ripple Labs has filed a request with the U.S. Courtroom of Appeals for the Second Circuit in search of an April 16, 2025 deadline for its cross-appeal temporary within the Ripple vs. SEC case.
The Ripple Labs authorized crew filed the request on Jan. 23, with the crypto firm’s authorized crew noting that Ripple co-founder Chris Larsen and chief govt officer Brad Garlinghouse “be a part of on this request.”
“I write on behalf of Appellee-Cross-Appellant Ripple Labs Inc (“Ripple”) regarding the above attraction and cross-appeal. Underneath this Courtroom’s Rule 31.2(a)(1)(B), Ripple requests a due date of April 16, 2025 for its temporary. I’m approved to state that Appellees Bradley Garlinghouse and Christian A. Larsen be a part of on this request,” Ripple Labs authorized crew member Michael Kellogg wrote.
The SEC just lately filed its temporary, arguing in opposition to the ruling that retail gross sales of XRP (XRP) weren’t securities.
In July 2023, Decide Analisa Torres of the New York District Courtroom dominated that XRP was not a safety, marking a notable victory for Ripple and the broader crypto business. Nonetheless, the court docket decided that Ripple violated securities legal guidelines in its institutional gross sales of the XRP token.
Ripple and the SEC have remained locked in a authorized battle for the reason that U.S. securities watchdog filed a lawsuit in opposition to the corporate and its executives in December 2020. Regardless of this being normal process within the U.S. court docket system, market observers are speculating whether or not the brand new SEC management would possibly withdraw its attraction earlier than Ripple information its cross-appeal temporary.
On Jan. 21, performing SEC chair Mark Uyeda announced a crypto task force to look into the company’s method to regulation of the sector amid plans to develop a transparent framework. SEC has additionally been stated to be taking a look at withdrawing sure crypto lawsuits.
Two days later, U.S. President Donald Trump signed a crypto govt order establishing a working group to handle crypto regulation and legislative proposals. The chief order additionally referenced a possible digital belongings stockpile.