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

Fairshake Launches Bipartisan Campaign to Support Pro-Crypto Lawmakers

Fairshake is launching a bipartisan campaign to support 32 incumbent candidates in the House, focusing on those who back the House CLARITY market structure bill, with an initial commitment of $6 million in independent spending.

user avatarLeo van der Veen

Binance Introduces AI-Driven Trading Tools

Binance launches a suite of AI products aimed at enhancing trading experiences for various user levels.

user avatarLi Weicheng

Binance Announces Dividend Reinvestment for Tokenized Stocks

Binance has announced a dividend reinvestment process for holders of its Oracle and Marvell tokenized stocks, where dividends will be reinvested into additional fractions of the same securities.

user avatarAisha Farooq

Cryptocom Enhances Trading with Insilico Terminal Integration

Cryptocom has announced an integration with Insilico Terminal on October 6, allowing users to connect their Cryptocom Exchange accounts directly to Insilico's trading platform.

user avatarLi Weicheng

Binance Pay Launches Mobile Top-Up Promotion to Boost Crypto Spending

Binance Pay has launched a promotion offering eligible users a 20% discount on their first mobile top-up to encourage crypto spending.

user avatarTenzin Dorje

Hyperscale Data Reveals Financial Position on Bitcoin and Cash Reserves

Hyperscale Data disclosed its financial position, revealing it holds approximately $564 million in Bitcoin and cash as of October 4.

user avatarBayarjavkhlan Ganbaatar

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.