Circuit

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ripple-advances-in-sec-legal-proceedings" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Advances in SEC Legal Proceedings</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/ripple-responds-to-secs-heavy-financial-demands-in-legal-battle" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple</a> is taking decisive action in its ongoing legal dispute with the SEC. As the deadline for a critical filing looms, Chris Larsen, a co-founder of the company, has filed an essential document with the court. This step follows a warning from the Second Circuit Court of Appeals about procedural issues concerning Ripple’s case.</p>
<h2 style="text-align: justify" id="strong-what-are-the-recent-developments-in-the-sec-case-strong"><strong>What Are the Recent Developments in the SEC Case?</strong></h2>
<p style="text-align: justify">On October 22, the Second Circuit Court of Appeals reiterated to Ripple the importance of completing its Form C submission for the cross-appeal against the SEC. Larsen took swift action by submitting an urgent motion to accelerate this process ahead of the impending deadline.</p>
<h2 style="text-align: justify" id="strong-will-ripple-meet-the-form-c-deadline-strong"><strong>Will Ripple Meet the Form C Deadline?</strong></h2>
<p style="text-align: justify">Ripple is required to file the Form C document by October 24 to maintain its right to appeal the SEC’s decisions. Missing this deadline could forfeit Ripple’s opportunity for an oral defense in court.</p>
<p style="text-align: justify">Ripple’s Chief Legal Officer, Stuart Alderoty, emphasized that the submission of Form C will not alter the current classification of <a href="https://en.bitcoinhaber.net/ripple-boosts-digital-economy-in-australia" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> as a non-security. He noted that the existing ruling regarding XRP remains valid under national law, making it challenging for the SEC to achieve its desired outcomes at this stage.</p>
<h2 style="text-align: justify" id="strong-what-could-this-mean-for-xrp-s-future-strong"><strong>What Could This Mean for XRP’s Future?</strong></h2>
<p style="text-align: justify">The XRP community is watching the case’s developments closely. A favorable outcome for Ripple could lead to a significant surge in XRP’s price, with some enthusiasts predicting it may even revisit its previous all-time high, eyeing ambitious figures like $17 in the future.</p>
<ul>
 <li>Chris Larsen’s filing indicates Ripple’s commitment to the case.</li>
 <li>Failure to submit Form C by October 24 could result in losing the opportunity for a defense.</li>
 <li>Ripple maintains that XRP is recognized as a non-security under current law.</li>
 <li>The case’s outcome may have a profound impact on XRP’s market value.</li>
</ul>
<p style="text-align: justify">Ripple’s proactive measures represent a pivotal moment in its legal journey. The court’s decision in favor of Ripple could lead to a substantial boost in XRP’s market performance, reflecting the community’s optimism for the cryptocurrency’s future.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/ripple-advances-in-sec-legal-proceedings" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Advances in SEC Legal Proceedings</a></h5>

Ripple Advances in SEC Legal Proceedings

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