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๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Jan 24, 2025 13:05 UTC
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XRP Lawsuit Fresh Update: Ripple Requests April 16, 2025 Deadline for Brief in SEC Case
Ripple Requests April 2025 Deadline as SEC Appeals Court's Ruling on XRP
Rippleโs Legal Team Confident SEC's Appeal Will Fail, Sees Positive Outcome
The legal battle between Ripple and the SEC continues and recently, Ripple requested a due date of April 16, 2025, for its brief in the ongoing case. This comes after the SEC filed its opening appeal brief, signaling that the regulator is not backing down.
Ripple Requests April 2025 Deadline in SEC Appeal
Many had hoped that the SEC would step back after the court’s earlier ruling, which found that certain sales of XRP were not considered securities. However, as expected, the SEC has decided to appeal the decision, arguing that the court made fundamental errors in its ruling.
The SEC claims that digital asset sales on exchanges like XRP should be classified as securities. However, Ripple’s legal team, led by stuart alderoty 
stuart alderoty stuart FinanceLegal 
is confident that the SEC’s appeal will not succeed, and they expect stronger arguments to prevail in court.
Alderoty had dismissed the SEC’s appeal as “just noise.” He said that the appeal merely rehashes arguments that have already failed and predicted that the next administration would likely abandon the case. Ripple remains confident that they will win and that a new era of regulation supportive of innovation is coming.
Ripple Confident SEC’s Appeal Will Fail
Attorney Jeremy Hogan, who has been following the case closely, has also criticized the SEC’s appeal. He describes it as “lackluster” and believes the SEC’s arguments are weak. Hogan points out that the SEC still struggles to prove that retail investors expected profits from Ripple’s efforts, especially those who were unaware of the companyโs existence. Hogan suggests that it is unlikely the second circuit will rule in favor of the SEC.
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