Developments in the SEC vs. Ripple Case: Key Updates

user avatar

by Giorgi Kostiuk

2 years ago

The legal battle between the SEC and Ripple brings new developments. A notable point is the decision to file a deferred appendix for cross-appeals.

New Case Filings

The parties have recently filed a stipulation indicating they will submit a deferred appendix for the cross-appeals 21 days after the appellee's brief is served. Despite this, the SEC is still required to file its opening brief by tomorrow.

Role of the New SEC Chair

The XRP community is questioning whether the new SEC chair Paul Atkins could potentially retract the appeal. Legal expert Bill Morgan expressed uncertainty, suggesting that a vote by all five commissioners might not be required. Former SEC lawyer Marc Fagel weighed in, stating that a newly-formed SEC would likely need to vote to dismiss the appeal, although it would be a highly unusual move.

XRP Price Rally

Meanwhile, Ripple’s XRP is currently up by more than 12 percent and is now eyeing to break the crucial $3 mark. The altcoin is currently trading at the $2.85 mark after hitting a high of $2.87. Ahead of Donald Trump's inauguration on January 20, crypto leaders will gather to discuss the future of cryptocurrencies.

The situation with SEC and Ripple continues to unfold, with XRP's price showing positive momentum. Further changes are anticipated depending on the actions of the new administration.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

OKX Introduces Shield to Enhance User Security in Europe

OKX has launched a new initiative called OKX Shield aimed at improving exchange security for European users by requiring a hardening checklist for tiered financial protection against account takeovers.

user avatarAisha Farooq

Former Police Officer Charged in Zondacrypto Exchange Collapse

Former police officer Artur K has been charged with multiple offenses related to the collapse of the Zondacrypto exchange, including membership in an organized criminal group and aiding in the misappropriation of funds.

user avatarBayarjavkhlan Ganbaatar

Anchorage Digital Enhances Stablecoin Infrastructure with LayerZero Partnership

Anchorage Digital has partnered with LayerZero to enhance its regulated stablecoin infrastructure, enabling seamless crosschain movement of stablecoins.

user avatarMohamed Farouk

ARK Venture Fund Receives SEC Approval for Innovative Investment Classes

ARK Venture Fund has received SEC approval to create two new investment product classes: Exchange Class and Tokenized Class.

user avatarElias Mukuru

Sui Maintains Over $1 Billion in DeFi Liquidity

Sui continues to hold more than $1 billion in decentralized finance liquidity, with active on-chain trading.

user avatarDiego Alvarez

EigenLayer Surpasses $11 Billion in Total Value Locked

EigenLayer has achieved a significant milestone by moving back above the $11 billion mark in total value locked, indicating strong economic security in the Ethereum restaking sector.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.