United

April

James

<div class="finbold">
 <p class="paragraph">With the cryptocurrency sector still waiting for the gavel to drop and officially mark the end of the protracted legal standoff between blockchain company Ripple and the United States Securities and Exchange Commission (SEC), the court has approved new remedies <a rel="noopener noreferrer nofollow" title="briefing" href="https://thebittimes.com/tag/briefing.html">briefing</a> deadlines.</p>
 <p class="paragraph">Indeed, the revised schedule permits the SEC to submit its opening brief by March 22, Ripple’s opposition is due on April 22, and the regulator’s reply is due by May 6, according to the court information shared by defense attorney James K. Filan in his recent Ripple SEC lawsuit <a rel="noopener noreferrer nofollow" title="update" href="https://thebittimes.com/tag/update.html">update</a> on March 14.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">#XRPCommunity #SECGov v. #Ripple #XRP Below is the revised schedule for remedies <a rel="noopener noreferrer nofollow" title="briefing" href="https://thebittimes.com/tag/briefing.html">briefing</a>: (1) @SECGov’s opening brief is due on March 22, 2024, (2) @Ripple’s opposition brief is due on April 22, 2024, and (3) @SECGov’s reply brief is due May 6, 2024.</p>— James K. Filan (@FilanLaw) March 14, 2024
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">As a reminder, Judge Analisa Torres ruled in July 2023 that Ripple’s sales of XRP to retail buyers did not constitute securities sales, but the institutional XRP sales were, in fact, securities. Hence, the sides are now trying to come to an agreement regarding the damages RIpple has to pay.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Retail's hidden champion: The stock that's beating the odds and making investors rich <span class="self-center text-xs text-slate-500">13 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Thetanuts Finance unveils Leveraged LRT Strategy Vault, facilitating integration with Pendle’s PT-eETH <span class="self-center text-xs text-slate-500">52 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Robert Kiyosaki reveals the problem with gold and silver, why he loves Bitcoin <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitcoin Frontier Fund announces large investments in Bitcoin ecosystem <span class="self-center text-xs text-slate-500">19 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-sec-s-request-approved">SEC’s request approved</h2>
 <p class="paragraph">Back on February 27, the SEC had requested the above change to the remedies briefing deadlines, including the agency’s opening brief, the blockchain company’s opposition, and the SEC’s reply, as shared by the former federal prosecutor at the time and reported by Finbold.</p>
 <p class="paragraph">Explaining the reasoning behind this extension request, the regulatory watchdog’s legal team highlighted it as the ‘good cause’ under the Federal Rule of Civil Procedure, as well as stressed the SEC’s diligence in “completing remedies-related discovery and <a rel="noopener noreferrer nofollow" title="briefing" href="https://thebittimes.com/tag/briefing.html">briefing</a>.”</p>
 <p class="paragraph">Moreover, the request mentioned that Ripple, which had earlier received an extension for the initial discovery deadline from Magistrate Judge Sarah Netburn, has agreed to the SEC’s petition, as it also means having nine additional days to file its own opening brief.</p>
 <p class="paragraph">On March 1, not long after sharing the SEC’s motion to change the <a rel="noopener noreferrer nofollow" title="briefing" href="https://thebittimes.com/tag/briefing.html">briefing</a> schedule, Filan added in the comments that the judge had granted it.</p>
 <h2 class="wp-block-heading" id="h-when-will-sec-vs-ripple-end">When will SEC vs. Ripple end?</h2>
 <p class="paragraph">Meanwhile, as the crypto community is at the edge of its seats, watching every Ripple SEC news article with care and looking for clues on when will SEC vs. Ripple end, the case might not come to its final conclusion before 2026 due to potential appeals in the complex legal battle.</p>
 <p class="paragraph">Adding to the confusion is the recent note by the European Corporate Governance Institute, which observed that “the court found that XRP (…) was not a security when sold to the public on an exchange, but it is when sold directly to institutional investors.”</p>
 <p class="paragraph">Commenting on this note, shared by XRP influencer <em>WrathofKahneman</em>, lawyer Bill Morgan observed it was “not the most helpful statement,” as well as pointed out that:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“The token itself is never a security but can be sold as part of a transaction or scheme that is a security (investment contract). Even some people in the XRP community are still being tripped up on this point.”</p>
 </blockquote>
 <p class="paragraph">That said, XRP, the token at the center of the lawsuit, was at press time trading at $0.6242, recording a 10.24% decline on the day, dropping 0.62% across the week but still holding onto the monthly gain of 12.53%, according to the most recent chart data on March 15.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.&nbsp;</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-v-sec-case-update-timeline-revealed-for-crucial-xrp-briefing-tbt82611.html">https://thebittimes.com/ripple-v-sec-case-update-timeline-revealed-for-crucial-xrp-briefing-tbt82611.html</a></p>

Ripple v. SEC case update: Timeline revealed for crucial XRP briefing

Table of Contents

TheBitTimes

Other articles published on Mar 15, 2024

Aevo (AEVO) Price Rises Slow Down; Will It Bounce Back?

Bitcoin’s Possible Plunge: Expert Analysis Predicts $45K for BTC Value

Arcade on ChainGPT Pad: Revolutionizing GameFi with Strategic Innovation

Crypto Biz: Bitcoin’s institutional flow looms, Coinbase’s debt round, and more

SHIB, DOT, Cardano prices crash – Do predictions say it’s a good time to buy?

$300 Million Crypto Ponzi Scheme Exposed: SEC Files Charges Against 17 Suspects

Join our free newsletter for daily crypto updates!