Ripple-SEC Appeals Heat Up as Deadline Looms for Opening Brief

Ripple and the SEC agree to file a deferred appendix 21 days after the appellee’s brief is served. The SEC’s opening brief remains due by January 15, 2025. Ripple’s legal chief is dissatisfied that the SEC is sticking to the January 15 deadline for filing its opening appeal brief. Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have agreed to file a deferred appendix as part of their cross-appeals. Under the stipulation, both parties will submit the appendix 21 days after the appellee’s brief is served. Defense attorney James Filan shared the update on X (formerly Twitter), noting this simplifies the process by focusing on documents directly cited in briefs . The appeals follow the August 2024 ruling by the Southern District of New York, which delivered partial victories to both parties. While Ripple secured a decision stating XRP’s open-market sales do not constitute securities offerings, the SEC prevailed in its claim against Ripple’s institutional sales. Both parties are now challenging these outcomes in court. Under the stipulation, the deferred appendix will focus on including only the materials referenced in the briefs, … The post Ripple-SEC Appeals Heat Up as Deadline Looms for Opening Brief appeared first on Coin Edition .