𝐑𝐢𝐩𝐩𝐥𝐞 𝐗𝐑𝐏 𝐋𝐚𝐰𝐬𝐮𝐢𝐭: 𝐔.𝐒. 𝐀𝐩𝐩𝐞𝐚𝐥𝐬 𝐂𝐨𝐮𝐫𝐭 𝐒𝐞𝐭𝐬 𝐊𝐞𝐲 𝐃𝐚𝐭𝐞𝐬 𝐟𝐨𝐫 𝐋𝐞𝐠𝐚𝐥 𝐏𝐫𝐨𝐜𝐞𝐞𝐝𝐢𝐧𝐠𝐬🔥👇💥💸

The U.S. Court of Appeals has outlined the next steps in the long-running Ripple case, providing a timeline for crucial filings. According to recent updates, Ripple Labs, XRP II, and CEO Brad Garlinghouse are set to file their opening brief on March 6, 2025. Their reply to the appellant’s principal brief will follow on April 7, 2025. This development marks another significant phase in the legal battle that has captured the crypto community's attention. Meanwhile, the U.S. Securities and Exchange Commission (SEC) is expected to submit its principal brief before Chair Gary Gensler steps down on January 20, 2025.

U.S. Appeals Court Actions

The Ninth Circuit Court of Appeals has officially acknowledged the appeal and assigned a docket number for the Ripple lawsuit. It also instructed that any motions for relief must be filed separately. This comes after the district court's recent decision in favor of Ripple Labs and its executives, a ruling that lead plaintiff Bradley Sostack has now appealed. Judge Phyllis Hamilton previously approved an amendment to the judgment, with both parties agreeing there was no reason for further delays.

Ripple vs. SEC Lawsuit in Focus

As the Ripple vs. SEC case progresses in the Second Circuit Court of Appeals, optimism among Ripple executives and the broader crypto community remains high. Many anticipate a dismissal or withdrawal of the lawsuit, although some speculate that Gensler’s final actions as SEC Chair could introduce additional complexities. With XRP currently trading at $2.2824 and gaining over 9% recently, market participants are closely watching the case for its potential impact on the crypto landscape.

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