The legal battle between Ripple and the SEC continues to be one of the most closely watched in the crypto world. Recently, Ripple requested a deadline of April 16, 2025, to respond to the SEC’s appeal. This could mean a prolonged period of uncertainty for XRP, but Ripple is standing firm.
The SEC recently filed its appeal, signaling that they aren’t backing down, even after Gary Gensler’s departure from the SEC. However, Ripple’s legal team remains confident. They believe the SEC’s appeal is a rehashed argument and are hopeful that a new administration might just drop the case.
Legal expert, Jeremy Hogan, has also criticized the SEC’s case, stating that they still haven’t proven that XRP buyers expected profits from Ripple’s efforts. The SEC’s case may have weak spots, but as always, this is far from over.
When former SEC lawyer Marc Fagel was asked about Ripple’s deadline on social media, the attorney replied and explained saying,
Pretty standard for lawyers to seek the maximum time allowed. Though I don’t think there’s any doubt they’re also allowing time for a new SEC leadership to resolve the case before they have to file the brief. (Which, again, is a highly unusual thing to happen but seems likely.)
Why does this matter? If the SEC wins the appeal and XRP is classified as a security, Ripple could face even more legal hurdles, which could slow down their progress and partnerships. This would be a setback for Ripple’s expansion, especially in markets like Asia, the Middle East, and Europe. On the other hand, Ripple has already made strides in international markets, and their cross-border payment solutions remain some of the most efficient in the crypto space.
If the SEC wins, XRP could be classified as a security, leading to more legal hurdles and potentially harming Ripple’s partnerships.
No, the lawsuit is ongoing, with Ripple and the SEC engaged in appeals and responses that could take years to resolve.
XRP’s value or status might have shifted due to legal updates, market reactions, or news. Stay updated for the latest developments.
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