<ul><li>The SEC vs Ripple case is approaching a pivotal deadline, intensifying scrutiny on potential penalties against the embattled cryptocurrency firm.</li><li>The extension permits deeper scrutiny of Ripple&#39;s financial statements, potentially impacting the forthcoming opening brief and the severity of penalties.</li><li>Speculation abounds regarding the extent of penalties Ripple may face, with estimates ranging from $200 million to as high as $3 billion.</li></ul>In a recent development, the legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple reached a pivotal juncture. All eyes are on the looming deadline that could shape the future penalties faced by the embattled cryptocurrency firm. In a recent X post, renowned XRP attorney James K. Filan drew attention to the impending development.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/533f7b3fedca4864aa948d42d2caffc2.png" />The SEC is on track to submit its opening brief regarding <a href="https://twitter.com/FilanLaw/status/1762650214052004129" rel="noopener noreferrer nofollow">remedies</a> by March 22 after an extension was granted earlier this month at the SEC&#39;s behest. Originally slated for March 13, this extended deadline provides the commission additional time to scrutinize Ripple&#39;s audited financial statements, potentially wielding them as a basis for its arguments in the forthcoming brief.<a href="https://cryptotale.org/sec-vs-ripple-deadline-looms-crypto-world-awaits-regulatory-ripple-effect/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

SEC vs. Ripple: Deadline Looms, Crypto World Awaits Regulatory Ripple Effect

CryptoTale

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