• Ripple seeks April 16 deadline to file a cross-appeal against the SEC Ripple has requested an April 16, 2025 deadline to file a cross-appeal in its ongoing proceeding with the SEC.

the SEC argues that sales of #XRP to retail investors should be classified as securities.

legal experts speculate that the SEC may withdraw the appeal as the case progresses.

#Ripple Labs has filed an appeal in its litigation with the SEC. A new deadline has been officially requested.

Ripple's legal team filed a request for April 16, 2025. Crypto giant Ripple continues its fight with the SEC over the classification of XRP sales

This move follows the SEC's appeal filed on January 15. It challenges the New York District Court's 2023 ruling.

the court ruled partially in favor of Ripple. It ruled that sales of XRP to retail investors are not securities. However, the SEC's appeal argues that these retail sales should in fact be subject to the securities laws.

The SEC's appeal is based on the argument that, among other things, sales of XRP to retail investors should be classified as securities.

The SEC's position is that sales to Ripple's employees and business partners are not securities. The SEC's position is that these sales to Ripple's employees and business partners are not securities; the SEC's position is that these sales and gifts should have been subject to regulatory oversight. In 2023, Ripple won a partial victory when a court ruled that sales of XRP to retail investors were not securities. The ruling allowed Ripple to maintain its position as a major player in the #cryptocurrency market.

However, Ripple still had to pay a fine of more than $125 million. This was for institutional sales, which the court found to be a violation of securities rules.

the SEC's appeal seeks to overturn the decision. According to the regulator, the lower court erred in its decision, especially with regard to the classification of XRP sales.

This dispute highlights the ongoing debate over how #digital assets should be treated under U. S. securities laws.

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