The U.S. Securities and Exchange Commission (SEC) has not yet confirmed if it will appeal the recent rulings in the SEC vs. Ripple case, but they have a 60-day window to do so. Legal expert Jeremy Hogan believes that if an appeal is pursued, it could prolong the case by another 12 months. Attorney Fred Rispoli explains that if the SEC appeals, there will be long waiting periods involved. The process would begin with the SEC filing a notice of appeal, followed by a briefing schedule issued by the Second Circuit Court. Depending on the timeline, the first set of briefs may be due around November or December 2024. Ripple is expected to file a cross-appeal if the SEC appeals, challenging the parts of the case it lost. Delays and extensions are common and could push the briefing schedule to early 2025. Further extensions could occur due to events like the U.S. elections, potentially pushing opposition briefs to February or March 2025. Once briefs are filed, oral arguments will be scheduled, likely occurring around October or November 2025. After oral arguments, the Second Circuit Court could take three months to a year to make a final decision, potentially between January and April 2026.



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