The ongoing battle between the SEC and Ripple continues as the SEC refuses to extend the deadline for its opening appeal brief, despite Ripple's request for more time. Ripple's Chief Legal Officer, Stuart Alderoty, expressed frustration over the SEC's decision to stick to today's (January 15) deadline, labeling the refusal as a waste of time and taxpayer funds. Despite this, Alderoty remains confident in Ripple's legal position, emphasizing that the appellate court will uphold Ripple's previous victory in the case.
🔥Leadership Transition Could Bring Change in SEC’s Approach to Crypto🔥🔥🔥
Alderoty also directed sharp criticism towards Gary Gensler, the current SEC chairman, who will step down on January 20. With Gensler’s tenure ending, Alderoty hopes that Ripple can work with new SEC leadership, especially under pro-crypto advocate Paul Atkins, to put an end to the multi-year lawsuit. This shift could signal a shift in the SEC’s stance toward the crypto industry, and Ripple is optimistic about the opportunity for a resolution under new leadership.
🌟Legal Experts Weigh In on Filing Deadlines and Potential Settlement🌟🌟🌟
Legal expert James Farrell weighed in on the SEC's appeal filing timeline, explaining that only the court clerk has the authority to alter deadlines. Farrell noted that the clerk would only approve such a change under exceptional circumstances, which means the SEC is still required to submit its appeal brief by today, regardless of any agreement between the parties. On the topic of a potential settlement, Farrell suggested that the SEC might only consider settlement options after both parties have filed their appeal briefs, with the conclusion of the briefing schedule expected by the end of April.
$XRP Price Surge Amidst Legal Developments 🚨🚨🚨
Despite the ongoing legal tensions, XRP’s price has seen a substantial surge. The token, which briefly dropped to $2.52 yesterday, is currently trading at $2.84, representing a 12.64% increase in just 24 hours and a 22.9% rise over the past week. Trading volume has also surged by 19.01%, reaching $11.98 billion. This price movement shows that investors are undeterred by the legal proceedings, signaling strong bullish sentiment in the XRP market.
Disclaimer: This content is for informational purposes only and should not be considered as financial advice.
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#XRP🔥🔥 #Ripple