The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to draw public attention, especially with recent updates from the parties involved.
Latest Case Updates
Lawyer James K. Filan has reported that the parties have agreed to file a deferred appendix for the cross-appeals 21 days after the appellee's brief is served. However, the SEC’s opening brief still needs to be filed by January 16th.
Ripple's Reaction to SEC Actions
Ripple’s Chief Legal Officer Stuart Alderoty expressed frustration with the SEC's refusal to postpone the filing deadline, labeling it as a waste of time and taxpayer dollars.
Upcoming Leadership Changes at SEC
Following the submission, current SEC chair Gary Gensler will be stepping down, and Paul Atkins is expected to take over. This raises hopes for a more sensible approach to crypto regulation.
The upcoming leadership change at the SEC could impact the outcome of the Ripple case and approaches to cryptocurrency regulation in general. Ripple's legal team remains confident in a positive outcome of the appeal process.
