Fox Business journalist Eleanor Terrett took to Twitter to expose a major twist in the ongoing SEC vs. Ripple battle. The SEC missed a pivotal deadline to file its opening brief on October 16, and as of October 18, there's still no submission. This delay could mark a turning point in the case, hinting that the SEC might be struggling to solidify its arguments against Ripple. This appeal follows a significant U.S. court decision, which determined that XRP tokens sold in secondary markets are not securities—a landmark win for Ripple that could shape the future for other cryptocurrencies facing similar scrutiny.
While the SEC has yet to clarify the reason behind missing this critical deadline, Terrett speculates that the agency might be “overwhelmed” with other priorities and has been dealing with staffing shortages recently. This missed filing could push the Ripple case into further delays, potentially leading the court to favor Ripple's motion to dismiss or set a new deadline for the SEC. This unexpected twist in the Ripple saga has left the crypto world buzzing with speculation about what comes next.
Stay tuned as the story unfolds—could this be the final nail in the coffin for the SEC's case against Ripple? Or is there another surprise around the corner?
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