Crypto journalist Eleanor Terrett has shared new details regarding the ongoing Ripple-SEC legal battle following a conversation with Ripple Chief Legal Officer Stuart Alderoty.
Terrett's update outlines the expected timeline and procedure for the appeals process and provides critical information for those following the high-profile case.
According to Terrett, tomorrow is the deadline to file Form C, a document outlining the details of the SEC's planned appeal. That filing will provide a preview of the legal arguments the SEC plans to present.
Fourteen days after the SEC filing, Ripple will file its own Form C detailing its cross-appeal and providing more information about its legal strategy. Following these filings, both parties will meet and agree on a briefing schedule.
Alderoty noted that once the schedule is set, the SEC will have up to 90 days to file an opening brief that will outline all legal arguments for the appeal. He expects the SEC to use the full 90-day period granted to it. Ripple will then file its own response, along with its own brief presenting its counterarguments to the SEC’s claims.
The entire briefing process outlined by Alderoty is projected to extend through July 2025.
*This is not investment advice.
