Future

Circuit

Time

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripple-takes-significant-action-in-sec-legal-battle/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Takes Significant Action in SEC Legal Battle</a><br></p>
<p style="text-align: justify">Ripple has made a critical move in its legal battle against the <a href="https://en.coin-turk.com/understanding-the-impact-of-spot-bitcoin-etf-approval-on-market-dynamics/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a>. One of the company’s founders, Chris Larsen, submitted an important document to the court as the deadline approached. Before filing Form C, Larsen submitted a “Notice of Appearance,” a step that followed the Second Circuit Court of Appeals’ warning regarding procedural irregularities related to Ripple.</p>
<h2 style="text-align: justify" id="strong-latest-updates-in-sec-ripple-case-strong"><strong>Latest Updates in SEC – Ripple Case</strong></h2>
<p style="text-align: justify">On October 22, the Second Circuit Court of Appeals issued a crucial reminder to Ripple in the SEC case. It was stated that Ripple needs to complete its Form C submission for the cross-appeal against the SEC. Chris Larsen filed an urgent motion to expedite the process just before the deadline.</p>
<h2 style="text-align: justify" id="strong-time-is-running-out-for-form-c-strong"><strong>Time is Running Out for Form C</strong></h2>
<p style="text-align: justify">Ripple must submit the Form C document by October 24 for its cross-appeal against the SEC. Failure to submit on time could result in Ripple losing its right to an oral defense.</p>
<p style="text-align: justify">Stuart Alderoty, Ripple’s Chief Legal Officer, clarified that the Form C submission will not impact the decision regarding whether XRP is a security. The ruling that XRP is not a security is still in effect and recognized under country law. Alderoty also noted that achieving the results the SEC desires at this point would be difficult.</p>
<h2 style="text-align: justify" id="strong-the-case-s-future-and-its-impact-on-xrp-strong"><strong>The Case’s Future and Its Impact on XRP</strong></h2>
<p style="text-align: justify">The XRP community is eagerly awaiting the outcome of the case. If the case concludes in Ripple’s favor, a substantial increase in XRP’s price is anticipated. It is even predicted that XRP could reach its previous all-time high, with some speculating ambitious figures like $17 in the long term.</p>
<p style="text-align: justify">Ripple officials assert they have not made any procedural errors in the case. The company claims that the cross-appeal aims to eliminate the sanctions imposed by the SEC.</p>
<p style="text-align: justify">In conclusion, Ripple’s recent action is considered a significant step in the case. If the ruling favors Ripple, a notable increase in XRP’s value is likely.</p>
<p>The post <a href="https://en.coin-turk.com/ripple-takes-significant-action-in-sec-legal-battle/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Takes Significant Action in SEC Legal Battle</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ripple Takes Significant Action in SEC Legal Battle

Table of Contents

COINTURK NEWS

Other articles published on Oct 23, 2024

Crypto PAC Fairshake Continues to Deploy $40M in Final Week of Election

Elastos Launches BPoS NFTs for Bitcoin-Secured ELA Staking, Expanding Incentives and Rewards for ...

X Empire Token $X is Launching Tomorrow, Where is it available?

Ripple Co-Founder Chris Larsen Donates $1 Million in XRP to Kamala Harris' Presidential Campaign

Experts Discuss Tokenization of Real-World Assets

Grayscale Files to Convert Digital Large Cap Fund into Mixed Crypto ETF

Join our free newsletter for daily crypto updates!