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<p dir="ltr">Against the general expectations of the public, the United States Securities and Exchange Commission (SEC) filed its long-awaited Form C on Oct. 17. This filing officially sets its appeal in motion in the XRP lawsuit, a move many in the industry are protesting again. Ripple Labs’ Chief Legal Officer (CLO) Stuart Alderoty has commented on this,&nbsp;<a href="https://x.com/s_alderoty/status/1847065095580332223">hinting</a> at the company’s next moves.</p>
<h2 id="ripple-form-c-to-come-next-week">Ripple Form C to come next week</h2>
<p dir="ltr">As Alderoty noted, the&nbsp;<a href="https://u.today/secs-recent-filing-is-good-news-for-xrp-holders">filing</a> from the market regulator is not surprising. However, he clarified that the court’s ruling that "XRP is not a security" remains the law of the land, as the SEC did not appeal this verdict.&nbsp;</p>
<blockquote>
 <p lang="en" dir="ltr">No surprises here — once again it’s been made clear. The Court’s ruling that “XRP is not a security” is NOT being appealed. That decision stands as the law of the land.Stay tuned for Ripple’s Form C to be filed next week. <a href="https://t.co/m9molUGSBv">https://t.co/m9molUGSBv</a></p>— Stuart Alderoty (@s_alderoty) <a href="https://twitter.com/s_alderoty/status/1847065095580332223?ref_src=twsrc%5Etfw">October 18, 2024</a>
</blockquote> 
<p dir="ltr">He confirmed that the blockchain payments firm will file Form C next week without an exact date. Before this time, legal experts following the case have hinted at the series of events that will follow.&nbsp;</p>
<p dir="ltr">The briefing process will commence after both sides have filed their Form C documents. This stage may last about three months and extend into the first quarter of 2025. Based on the projected timeline, this appeal will likely last up to a year or more before a ruling is made.</p>
<h2 id="xrp-advantage">XRP advantage</h2>
<p dir="ltr">Many in the XRP ecosystem were worried that the market regulator might&nbsp;<a href="https://u.today/what-will-sec-appeal-in-ripple-case-top-legal-analyst-weighs-in">contest XRP's securities status</a> in its Form C. However, this is not the case, giving XRP a major advantage as the appeals process unfolds.</p>
<p dir="ltr">The lawsuit dragged on from December 2020 and has impacted XRP's price performance in no small way. With the coin already finding a balance, experts following the case noted that XRP holders do not have much to worry about.</p>
<p>As of writing time, the price of XRP has flattened out at $0.5502, down by 0.45% in 24 hours. However, the coin has retained mild 2.8% growth over the past week amid&nbsp;<a href="https://u.today/xrp-rockets-50-in-volume-as-sec-v-ripple-appeal-drama-develops">boosted volume</a>.</p> <a href="https://u.today/ripple-clo-breaks-silence-on-secs-filing-heres-what-comes-next">Read original article on U.Today</a>

Ripple CLO Breaks Silence on SEC's Filing, Here's What Comes Next

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