CandleFocus XRP Lawsuit News: Expert Reveals Why SEC Won’t Miss January 15 Deadline and Risk Dismissal
2025-01-13
Author: Content Editor
The SEC's deadline to file an appeal in the Ripple XRP lawsuit is approaching on January 15, 2025. While Judge Torres ruled that XRP is not a security, the classification of sales depends on contract specifics. There is speculation about potential delays or last-minute moves by SEC Chair Gary Gensler before his tenure ends on January 20. Former SEC lawyer Marc Fagel believes a decision on the appeal could take 10-12 months and a dismissal is unlikely but still possible. Some believe the case may shift under a new administration with a crypto-friendly environment in Washington. The impact of any unexpected actions by the SEC may not have a lasting effect due to the growing support for crypto-friendly policies.
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