$XRP As the legal struggle between Ripple and the Securities and Exchange Commission (SEC) continues, Ripple recently requested a deadline of April 16, 2025, to deliver its answer in the matter. Following the SEC's filing of its appeal brief, which demonstrated its resolve to contest the previous court decision, Ripple made this request.#CryptoSurge2025
The court's earlier decision that certain XRP sales were not securities raised hopes that the SEC would reverse its position.
The SEC, meanwhile, has filed an appeal, contending that XRP sales on the exchange ought to be regarded as securities and asserting that the court committed basic errors. Stuart Alderoty, the head of XRP's legal team, is certain that the SEC's appeal will be rejected and that more compelling arguments will win out in court.
The SEC appeal was described by Alderoty as "just noise." He asserted that the appeal merely restated earlier points and forecast that the subject will probably be dropped by the incoming administration. Ripple is still confident that they will prevail and that a new era of innovation-friendly regulations is approaching.
Lawyer Jeremy Hogan, who has been following the case carefully, has called the SEC appeal "lackluster." Additionally, he claimed that it is feeble and that the SEC is still having difficulty demonstrating that XRP purchasers anticipated financial gain from Ripple's initiatives.
