Ripple vs. SEC: Ripple Seeks April 2025 Deadline as Legal Battle Intensifies
The legal showdown between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to capture attention as Ripple requests an April 16, 2025 deadline to file its brief in response to the SEC’s appeal. This latest development underscores the ongoing tensions in a case that could set significant precedents for the cryptocurrency industry.
Ripple Requests April 2025 Deadline in SEC Appeal
Ripple’s request for the April 2025 deadline follows the SEC’s filing of its opening appeal brief. The SEC is doubling down on its argument that certain XRP sales should be classified as securities, despite an earlier court ruling rejecting this claim.
The SEC contends that the court’s decision contained fundamental errors, particularly regarding digital asset sales on exchanges, and seeks to overturn the judgment. Ripple, however, remains steadfast in its defense, with Chief Legal Officer Stuart Alderoty dismissing the SEC’s appeal as “just noise.”
“The SEC’s appeal merely recycles arguments that have already failed,” Alderoty said, predicting that a future administration would likely abandon the case altogether. Ripple’s legal team is confident that the second circuit will uphold the original decision, paving the way for clearer regulatory frameworks that support innovation.
Ripple’s Confidence Grows as Experts Criticize SEC’s Appeal
Prominent attorney Jeremy Hogan, who has been closely monitoring the case, has labeled the SEC’s appeal as “lackluster” and criticized the regulator’s inability to establish a strong argument.
Hogan highlighted the SEC’s struggle to prove that retail investors expected profits from Ripple’s efforts, particularly those unaware of Ripple’s existence. He also pointed out that this weakens the SEC’s case significantly, making it unlikely that the second circuit will rule in the regulator’s favor.
Ripple’s confidence is bolstered by the earlier court ruling that found specific XRP sales were not securities, a decision that many hoped would deter the SEC from pursuing further litigation. However, the regulator’s persistence suggests that this battle is far from over.
What’s Next for Ripple and the Crypto Industry?
Ripple’s victory in the initial ruling has been celebrated as a win for crypto innovation, but the outcome of this appeal could either reinforce or challenge that momentum. Industry leaders are closely watching the case as it may shape future regulations for digital assets.
Ripple’s legal team remains optimistic, expecting not only to prevail in court but also to influence a new era of regulation that balances oversight with the need for innovation.
Stay tuned for updates as this pivotal case continues to unfold.
