XRP Lawsuit News: SEC to File Opening Brief Tomorrow Despite Ripple’s Request for Delay

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to make headlines. Lawyer James K. Filan recently shared an update regarding the lawsuit. Filan revealed that the parties involved have filed a Stipulation, agreeing to file a deferred appendix for the cross-appeals 21 days after the appellee’s brief is served. However, the SEC’s opening brief is still required to be filed by tomorrow, January 16th.

However, Ripple’s Chief Legal Officer stuart alderoty stuart alderoty stuart FinanceLegal revealed that the SEC refused a request to postpone the filing deadline, which is set for January 16th. Despite this, Alderoty expressed confidence in Ripple’s position, saying that the company looks forward to working with new SEC leadership to resolve the matter.

In a tweet, Alderoty shared his frustration, stating that the SEC’s refusal to delay the filing was a waste of time and taxpayer dollars.

On January 20, Gensler’s war on crypto ends at the SEC. We asked the SEC to agree to postpone the filing of their opening brief in their appeal of our victory (current deadline Jan 15) – and they refused. What a waste of time and taxpayer dollars,

He Wrote.

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Leadership Shift at SEC Fuels Optimism

For the unversed gary gensler gary gensler Gary Gensler is the chairman of the U.S. Securities and Exchange Commission (SEC). His studies in finance and blockchain at MIT have helped him develop U.S. cryptocurrency regulations and policies. Quick Facts Full name Gary Scott Gensler Birth 18-10-1957, Baltimore, Maryland, United States Nationality American Education MBA from the University of Pennsylvania Marital status Married to Francesca Danieli (1986-2006) Net worth Estimated $100 million   Gensler has advocated for enhanced supervision of digital assets, seeking to regulate cryptocurrencies similar to securities. His work at the SEC has focused on safeguarding investors, regulating crypto exchanges, and establishing stablecoin policies.   Gary Gensler - Career Highlights 1997 – Became Assistant Secretary of the Treasury. 2009 – Led CFTC, regulating financial derivatives post-2008 crisis. 2018 – Taught blockchain and crypto at MIT. 2021 – Appointed SEC Chairman, focusing on crypto regulations. 2022 – Proposed stricter rules for crypto exchanges. 2023 – Took legal action against major crypto firms. 2024 – Advocated for stronger stablecoin and DeFi regulations.   Gary has collaborated with multiple lawmakers in formulating crypto policies. Even with disagreements with crypto investors regarding crypto policies, he continues to be a key player in the changing dynamic between regulatory frameworks and blockchain advancement.   Awards & Recognitions of Gary Gensler Year Institution  Description 2009 U.S. Treasury Financial Regulation Leader 2018 MIT Blockchain & Crypto Educator 2021 SEC SEC Chairman Overseeing Crypto Policies 2023 Bloomberg Most Influential Regulator in Crypto 2024 Forbes Top Policy Maker in Digital Assets   Useful Links to Connect With Gary Gensler Platform Link X (formerly Twitter) twitter.com/GaryGensler CFTC website Chairman Gary Gensler   Chairman the current SEC chair, will step down on January 20th, with his successor, Paul Atkins, expected to reassess many of Gensler’s actions. Ripple CEO Brad Garlinghouse Brad Garlinghouse   Brad Garlinghouse is an American businessman and a major crypto influencer. He is the CEO of Ripple Labs, which offers cryptocurrency and blockchain solutions. Brad has also worked at Hightail, AOL, and Yahoo in prominent positions.   Ripple Labs has backed several blockchain startups and investors to grow decentralized finance. Brad sees crypto as a tool for financial freedom and has worked with other influencers in this regard.   Quick Facts   Full Name Bradley Kent Garlinghouse Birth 06-02-1971, in Topeka, Kansas Nationality American Education Bachelor's degree in Economics, MBA from Harvard Business School. Net Worth $10B (Refer here)   Ripple's native token, XRP is among the top digital assets. As per CoinGape, Brad's company has $100 billion worth of XRP tokens in its reserve. This will help further innovation in Web3 and blockchain projects. As per reports surfing on Binance’s blog, Brad Garlinghouse may step down as CEO of Ripple to join the Crypto Advisory Council, which is led by President Trump. This significant event will boost the adoption of decentralized finance and blockchain growth.   Brad Garlinghouse: Trivia   2007: Served as Senior VP at Yahoo!, heading communications and consumer products. 2012: Became CEO of Hightail, leading digital file-sharing innovations. 2015: Joined Ripple as COO to push blockchain adoption in cross-border payments. 2017: Became CEO of Ripple, driving XRP adoption and blockchain partnerships. 2020: Led Ripple’s defense against the SEC lawsuit over XRP’s security status. 2021: Expanded Ripple’s ODL (On-Demand Liquidity) network for global crypto payments. 2023: Got a partial success against the SEC, declaring XRP as not a security. 2024: Continue leading Ripple in CBDC collaborations and global blockchain finance. 2025: May join Trump's Crypto Advisory Council to set regulations.   Notable Works & Achievements by Brad Garlinghouse   Year Achievements Details 2003 Wrote the 'Peanut Butter Manifesto' at Yahoo! Highlighted Yahoo!'s lack of focus in operations. 2015 Joined Ripple as Chief Operating Officer Took measures to integrate blockchain technology into banking systems. 2017 Appointed CEO of Ripple Expanded Ripple's global partnerships, enhancing cross-border payment solutions. 2020 Named in Forbes' List of Wealthiest in Cryptocurrency Recognized for significant contributions to the crypto industry. 2023 Legal Victory in SEC vs. Ripple Case Achieved a favorable ruling impacting cryptocurrency regulations.   Useful Links To Connect with Brad Garlinghouse   Platform  Link X (formerly Twitter) https://twitter.com/bgarlinghouse LinkedIn https://www.linkedin.com/in/bradgarlinghouse Ripple’s Website https://ripple.com/leadership/brad-garlinghouse/     EntrepreneurInvestorChief Executive OfficerBoard Member also weighed in, criticizing Gensler’s approach and dismissing his actions as a failed regulation-by-enforcement strategy.

The exit of Gensler and the anticipated entry of Paul Atkins, a pro-crypto nominee, has led many to hope for a more sensible approach to crypto regulation. Ripple’s legal team remains optimistic and is confident that the appeal process will ultimately result in a positive outcome for the company.

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