United

Circuit

Coin

<ul class="wp-block-list news-points">
 <li>XRP users fear the court may be lenient with the SEC on appeal matters.</li>
 <li>Growing uncertainty caused XRP to decline 5.33% this week.</li>
 <li>A successful appeal by the SEC could hurt XRP’s price and the crypto market.</li>
</ul>
The crypto market rally has lost steam due to concerns that the court might overlook the SEC’s missed deadline and allow the commission to proceed with its appeal in the SEC vs. Ripple case. XRP has fallen 5.33% this week as uncertainty around the case intensifies.
The SEC missed the October 18th deadline to submit Form C, which outlines the specific aspects of the judgment the commission wants to appeal. The United States Court of Appeals for the Second Circuit issued a notice acknowledging the SEC’s failure to meet this deadline.
The notice stated that the US Court of Appeals for the 2nd Circuit may not hear oral arguments without the court’s permission, given the SEC’s missed deadline. This notice worries crypto users who believe the court could be lenient and allow the SEC to continue with the appeal rather than dismissing the case.
XRP reached a high of $0.9327 in July 2023 after Judge Analisa Torres delivered a ruling partially in favor of…
The post <a href="https://coinedition.com/xrp-price-tumbles-as-sec-misses-crucial-deadline-in-ripple-case/" rel="noopener noreferrer nofollow">XRP Price Tumbles as SEC Misses Crucial Deadline in Ripple Case</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Price Tumbles as SEC Misses Crucial Deadline in Ripple Case

Coin Edition

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