Ripple Labs has requested for an extended deadline to submit its legal brief in the ongoing cross-appeal which is filed by the U.S. Securities and Exchange Commission (SEC). The letter dated for January 23, 2025, has been written by Michael K. Kellogg, counsel for Ripple, and has been addressed to Catherine O’Hagan Wolfe, Clerk of Court for the U.S. Court of Appeals for the Second Circuit, seeking a submission with a deadline of April 16, 2025 as reported by James K. Filan, a former Federal Prosecutor.
Ripple To Prepare a Comprehensive Response
Ripple’s request of extension comes under Court’s Rule 31.2(a)(1)(B), which allows the parties to propose specific timelines for filing briefs. The company’s CEO Brad Garlinghouse and co-founder Chris Larsen are on the same page with the request.
The deadline which is set for April 16, 2025 seems to be a strategic move because till then Ripple can ensure that a comprehensive response is created for the SEC’s appeal.
SEC Previously Asked For Extension As Well
Notably, the SEC had previously also asked for an extension to file its own appeal brief. The submission was due on December 2, 2024 but later was pushed to January 15, 2025.
In this case, Ripple has been fighting off with the SEC and challenging the agency by claiming that the XRP token is not an unregistered security and this saga has been going on for four years now. This case is going to set an example within the industry as with the final verdict of this case, changes with the regulatory guidelines would follow.
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