CandleFocus Former SEC Lawyer Clarifies This Latest Filing in Ripple Case Has No Connection to Alleged Late SEC Filing
2024-10-23
Author: Content Editor
A recent filing submitted in the SEC v. Ripple lawsuit has caught the attention of the crypto community. The United States Court of Appeals for the Second Circuit issued a notice stating that the appellee's counsel failed to submit its notice of appearance on time, potentially preventing them from presenting oral arguments. While initially speculated to be directed at the SEC, it has been clarified by former securities lawyer Marc Fagel that the filing is actually directed at Ripple co-founder Chris Larsen, whose legal counsel has yet to submit their appearance notice. If Larsen's counsel fails to comply within 14 days, they risk being unable to present oral arguments. Meanwhile, Ripple is set to file its pre-argument in response to the SEC's Form C filing, as it plans to challenge the district court's ruling on institutional sales of XRP. The briefing schedule for the case may extend until July 2025.
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