The ongoing legal battle between crypto payments company, Ripple ,and the United States Securities and Exchange Commission (SEC) is taking another significant step forward this week. Both parties are preparing to take the next move forward with their appeal process. This development could have far-reaching implications on not just Ripple, but the XRP price and the crypto industry as a whole. 

Next Developments And Key Deadlines In The Ripple And SEC Lawsuit

According to Fox Business journalist, Eleanor Terrett, today marks an important date for the upcoming developments in the Ripple versus SEC legal battle. Based on the Court’s instructions, October 16 is the final deadline for the US SEC to file a Form C. As part of the process of legal appeals, a Form C is a procedural filing that outlines the details of what a party intends to appeal. 

Terrett revealed in an X (formerly Twitter) post that the SEC’s Form C will provide critical details regarding its planned appeal of Judge Analisa Torres’ July 2023 court ruling, which found that programmatic sales of XRP were not classified as securities. 

Likewise, Ripple is set to follow the SEC’s appeal movement shortly. The company will file a Form C of its cross appeal within seven days of the regulator’s filing. That is, if the SEC files a Form C today, the crypto firm is likely to file its own sometime in the coming week.  

Ripple’s filing is expected to outline its counterarguments, detailing the scope of the

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Author: Scott Matherson

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