XRP to $1 Delayed: Legal Expert Predicts SEC vs Ripple Battle Will Drag on Until 2026

The post XRP to $1 Delayed: Legal Expert Predicts SEC vs Ripple Battle Will Drag on Until 2026 appeared first on Coinpedia Fintech News

Attorneys Kristi Warner and James Murphy (@Metalawman) sat down to discuss the SEC’s recent appeal. For the unversed, the SEC decided to challenge Judge Torres’ ruling from 2023, leading to widespread frustration. Now, the big question is whether Ripple will file a cross appeal.

Cross Appeal Window

James explained that Ripple has two weeks to file their notice of cross appeal. After this initial filing, they’ll have additional time to determine which specific issues they wish to appeal. In his view, there’s minimal downside to this approach. It not only applies pressure on the SEC but also highlights the real risks the agency faces.

Potential Outcomes

The cross appeal could potentially overturn parts of Judge Torres’s ruling, especially regarding the classification of certain contracts. If successful, this might eliminate any penalties tied to securities violations. The stakes are high, and the potential for Ripple to influence the case dynamics is significant.

Filing Process

When submitting a brief as an appellant—the party that initiates the appeal—Ripple has up to 90 days from receiving the transcript to file their brief. They can choose the exact day to submit, which adds flexibility to their timeline. Following Ripple’s brief, the opposing party has two weeks to respond, and then Ripple has a further 21 days for a reply. This process can extend well over a year, with various opportunities for additional briefs, including amicus curiae submissions from industry players.

Industry Involvement

Given the importance of the Ripple case, it’s expected that various stakeholders in the crypto industry, including Coinbase, will file briefs to support Ripple. This could delay the proceedings, as these external inputs are given considerable weight by the court.

Also Read :   Ripple News: Will the U.S. Approve an XRP ETF? Experts Weigh In Amid Legal Turmoil   ,

Anticipated Timeline

James predicts that the final decision in the Ripple case may not come until the first quarter of 2026. After the briefing is complete, it could take several months before oral arguments are held, followed by an uncertain period for the judges to issue their ruling. Factors such as political changes and potential regulatory shifts could also impact the timeline, possibly accelerating or altering the case’s progression.

spot_imgspot_img

Subscribe

Related articles

Pro-XRP Lawyer Slams SEC’s Crenshaw as ‘Disgrace’ As Senate Panel Delays Vote

The post Pro-XRP Lawyer Slams SEC’s Crenshaw as ‘Disgrace’...

XRP Price Prediction For December 12

The post XRP Price Prediction For December 12 appeared...

Dogecoin (DOGE) Poise For 20% Price Drop if This Happens 

The post Dogecoin (DOGE) Poise For 20% Price Drop...

Solana (SOL) Set For Bull Run, Insights From On-Chain Data

The post Solana (SOL) Set For Bull Run, Insights...

$46 Million in XRP Leaves Binance, Buy Signal or What?

The post $46 Million in XRP Leaves Binance, Buy...
spot_imgspot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here