The lawsuit between Ripple and the SEC is entering a new phase, with notable changes also happening in the cryptocurrency market, including surges in Bitcoin and Dogecoin prices.
What to Expect on the Ripple v. SEC Front?
The coming days are expected to be eventful for the lawsuit between Ripple and the SEC. By October 17, the regulator must file Form C detailing its appeal plans. Ripple will have seven days to respond with its own Form C. The full briefing process is expected to go through July 2025. Attorney Fred Rispoli shared his views that the SEC might appeal Judge Torres’ decision on several aspects, including 'programmatic sales' and the $125 million fine.
The SEC might attempt to contest the ruling that XRP itself isn't a security. Although unlikely to succeed.Fred Rispoli
BTC Resurgence
Bitcoin has experienced a significant price increase in recent days, reaching $68,000. This has fueled discussions of a potential bull run. Analysts believe that if Bitcoin surpasses the $67,400 resistance mark, it might reach new all-time highs. Captain Faibik predicts a rise to $90,000, given a successful breakout. Crypto Rover set a price target of $100,000 should Donald Trump win the US elections.
DOGE’s Impressive Performance
Dogecoin also recorded substantial gains, reaching nearly $0.13. Some experts predict further increases. Ali Martinez presented a chart indicating that Dogecoin could soar to $10, though it would require a market cap of $1.4 trillion, which is unlikely.
The fate of the Ripple and SEC case remains uncertain while cryptocurrencies continue to show varying results amid market fluctuations.