The crypto community has been closely following Ripple's lawsuit against the SEC, and today, October 16, is the key date for filing Form C with the SEC. This form is very important because it lays out certain aspects of the case that the SEC intends to challenge on appeal.
Once the SEC files Form C, #Ripple will file its own form within seven days. Both documents will clarify the arguments and strategies of both sides in what is expected to be a protracted court battle.
the case has sparked heated debate on social media, with #XRP supporters and crypto-enthusiasts exchanging opinions and speculating on possible outcomes. One question is what could happen if the SEC fails to meet today's deadline. Failure to meet the filing deadline could delay or weaken the SEC's position, but many expect the SEC to meet the deadline given the high risks.
one user posed this question on ChatGPT: If the SEC fails to meet today's deadline, the case will not be automatically dismissed. Ripple will wait for the SEC's next move before deciding whether to file a cross-appeal. Failure to meet the deadline may put the SEC at a disadvantage, but it will not result in the case being dismissed.
Read us at: Compass Investments
