Ripple's SEC appeal includes mediation requests by December 2024 and appeal hearings scheduled for March 2025.
A potential U.S. government shutdown could delay the SEC's response, impacting the case's timeline and final resolution.
Despite ongoing appeals, Ripple remains confident, preparing its defense to address regulatory challenges effectively.
The Ripple vs. SEC case remains one of the most popular topics due to new emerging events constantly defining the timeline of the case. The litigations in the Ninth Circuit Court of Appeals have provided key deadlines for 2025. This is aimed at mediation and submission of key
documents. However, any shutdown of the U.S. Government can delay the proceedings.
https://twitter.com/Ripplelordz/status/1870317445736546693 Dates for Mediation and Transcripts Submission
The Ninth Circuit Court of Appeals has provided a pro-active plan, to guarantee a chronological flow of the escalation process. Plaintiff Bradley Sostack is required to file a mediation request before December 23, 2024. The submission of the appeal transcript has been booked for the 30th of January 2025. These steps are very essential for the appeal to proceed because if these deadlines are not met then the appeal is likely to be dismissed.
Additionally, the appeal hearing order is on December 31, 2024. The legal guidelines provided by the court to comply with the timelines to counter rejection risks. Ripple and Garlinghouse are expected to file answering briefs by April 7, 2025, in anticipation of the March 6, 2025 appeal hearing.
Ripple’s Confidence Amid Regulatory Challenges
Ripple maintains confidence despite the ongoing legal hurdles and appeals. The company experienced a favorable ruling in district court when Judge Phyllis Hamilton granted motions to amend orders. However, Sostack has continued to pursue an appeal, seeking to overturn the earlier court decision. The current work of Ripple’s legal team is geared towards planning for future dates and predicting shifts in the legal process.
Adding to this altogether a looming shutdown of the US government is likely to cause a delay in the SEC decision on the appeal. This status due to funding claim again issues may slow down the shutdown as well as the overall timing of the case. However, this may delay the finality of the XRP position on regulatory measures.
Potential Impacts of the Current Government Shutdown
The protraction of a legal battle may be further complicated if the civil servants in the United States go on a shutdown. The interacting party and its ability to respond to the appeal may be impeded. which will in return slow the progress of the litigation process as a whole. While this would afford Ripple more time to come up with a defense.
The outcome of the case holds major implications for Ripple and the future of the cryptocurrency industry as a whole. Both are under pressure to address court deadlines and prospects of government disruption as the time draws near.
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