CandleFocus Ripple misses filing deadline risking setback in ongoing SEC case
2024-10-22
Author: Content Editor
Ripple Labs has faced a setback in its legal battle with the SEC after missing a crucial filing deadline. The US Court of Appeals for the Second Circuit issued a default notice to Ripple's legal team, granting them a 14-day extension to submit the required paperwork. However, if they fail to meet this new deadline, they risk being barred from presenting their arguments in the upcoming appeal hearing without special court permission. Legal experts have commented on the avoidable mistake, noting that it poses a significant risk to Ripple's defense strategy. This filing delay comes at a critical phase of the appeal and any further missteps could weaken their defense.
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