SEC vs. Ripple Legal Battle: Continuing Till July 2025

The Appeal of SEC in the Ripple Case

On Thursday, the SEC filed Form C before the United States Court of Appeals for the Second Circuit. This is an appeal from that judgment entered on August 7, 2024, ordering Ripple to pay a fine of $125 million.

It is asking the court to review the decision “de novo,” meaning it wants the case to be reconsidered from the beginning. Ripple’s top executives, Brad Garlinghouse and Chris Larsen, are also facing questions over personal sales of XRP.

Ripple’s attorney James K. Filan has now confirmed that the company has, in fact, filed. It will, all but certainly, further extend the case, already drawn out over a number of years.

Timeline for the Ripple Case

Ripple’s Chief Legal Officer, Stuart Alderoty, shared that this legal battle could stretch until July 2025. After the SEC recent submission, Ripple is expected to file its own Form C next week to cross-appeal.

Here’s a simplified timeline of what to expect:

Legal Step

Timeline

This will, in turn, result in a series of filings continuing back and forth between Ripple and the SEC.

Ripple’s Impact on the Market

Despite the legal battle, the price of XRP remains stable. In the last 24 hours, XRP only fell by 0.8%, trading at $0.5498. Market participants seem largely unfazed by the SEC’s latest actions.

While Ripple’s ongoing case has caused some uncertainty, especially with the potential delay in launching an XRP ETF, it hasn’t triggered a significant market reaction so far.

Broader Implications

This legal battle isn’t just about Ripple or XRP. Its outcome could set a precedent for how crypto assets are classified and regulated. The industry is watching closely as this case could influence future regulations and the status of digital assets in the US.

For now, the next step is Ripple’s Form C filing, which will likely shape the future course of this extended legal showdown.