According to Foresight News, Ripple’s chief legal counsel said that October 16 is an important deadline in the case between the U.S. Securities and Exchange Commission (SEC) and Ripple, and the SEC may ignore this deadline without Pacer’s filing.

Fox Business reporter Eleanor Terrett has sought comment from the SEC and Ripple’s chief legal officer.

Previously, Ripple's chief legal counsel Ashley Prosper said that the deadline for the U.S. SEC to disclose its reasons for appeal is October 16.