Ripple Sets April Date for Filing Appeal against SEC

user avatar

by Giorgi Kostiuk

2 years ago

Enterprise blockchain company Ripple has announced its intent to file its final arguments in the cross-appeal against the U.S. Securities and Exchange Commission (SEC) on April 16. This move is part of an ongoing legal battle.

Timeline of Events

Previously, Ripple's chief lawyer Stuart Alderoty predicted that the new SEC administration might drop the case. Earlier this month, the SEC submitted their arguments in the appeal, urging the court to overturn the district court's judgment. Ripple's team dismissed these claims as 'noise.'

Ripple's Response to SEC Actions

Ripple CEO Brad Garlinghouse described the cross-appeal as 'the definition of insanity,' highlighting the repetition of the SEC's arguments. The company filed its cross-appeal less than two weeks after the notice of appeal.

The definition of insanity is doing the same thing over and over again and expecting different results.Brad Garlinghouse

Key Players and Implications

Former SEC Commissioner Paul Atkins was nominated to replace Gary Gensler, who stepped down as SEC Chair. Republican SEC Commissioner Mark Uyeda is currently acting as the interim chairman. Both are known for their pro-crypto stance.

Ripple's actions might extend the litigation, but this is considered an unlikely scenario. The appointment of pro-crypto figures to key positions in the SEC could influence the future proceedings.

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

Coinbase Launches Integrated Services for Token Issuers

On November 5, Coinbase launched a new integrated platform for token issuers, offering services from sales to custody, aiming to streamline operations and reduce reliance on multiple providers.

user avatarBayarjavkhlan Ganbaatar

Canary Staked INJ ETF Now Trading on Nasdaq

The Canary Staked INJ ETF began trading on Nasdaq under the ticker INJC on November 5, offering exposure to the Injective token and staking rewards.

user avatarMohamed Farouk

Nigeria's Central Bank Unveils New Regulations for Virtual Assets

On November 5, 2023, Nigeria's Central Bank announced a new licensing framework for non-security virtual assets, including stablecoins, aimed at enhancing consumer protection and financial system integrity.

user avatarElias Mukuru

US Economy Adds 165,000 Jobs in October

The Bureau of Labor Statistics reported that the US economy added 165,000 jobs in October, with the unemployment rate stable at 4.1%, complicating expectations for quick monetary easing by the Federal Reserve.

user avatarDiego Alvarez

TeraWulf Announces Major Contracts and Future Plans

TeraWulf has secured significant contracts, including a 20-year lease with Anthropic and a credit backstop from Google, signaling strong future revenue potential.

user avatarKenji Takahashi

TeraWulf Reports Significant Shift in Revenue Sources

TeraWulf's third-quarter earnings reveal a major transition towards high-performance computing, with HPC lease revenue making up 83% of total revenue.

user avatarMaria Fernandez

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.