CandleFocus Here’s the Deadline for Ripple to File a Counter Appeal as SEC Yet to File Form C Detailing Appeal
2024-10-04
Author: Content Editor
The US Securities and Exchange Commission (SEC) has appealed the case against Ripple, and the company has 14 days to file a counter-appeal. The exact aspect of the ruling that the SEC is appealing is not yet defined because it has not submitted the required Form C. Ripple's legal representatives are considering filing a counter-appeal but need to know which aspect of the judgment the SEC is appealing. The judge ruled on various arguments in the case, including the programmatic sales of XRP and the status of the token. Ripple has until October 17 to file a counter-appeal. Analysts remain optimistic about the XRP token despite its short-term correction following the appeal. Fred Rispoli, a pro-XRP lawyer, predicts that the Second Circuit will rule on the appeal by late 2025 or early 2026.
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