Ripple 
$2 has submitted a proposed timeline for a brief appeal in its ongoing lawsuit against the SEC. This development has delayed the previously anticipated conclusion of the XRP case, pushing it beyond the expected timeframe of late April or May.
Ripple’s Court Filing Dates
In a court filing dated January 24, Ripple Labs requested a deadline for the appeal and cross-appeal statement to the U.S. Court of Appeals. The company proposed to submit its statements by April 16.
The letter also indicated that Ripple’s CEO, Brad Garlinghouse, and chairman Chris Larsen accepted the same date.
According to Rule 31.2(a)(1)(B) of this Court, Ripple requests April 16, 2025, for the statement. Bradley Garlinghouse and Christian A. Larsen support this request.
The XRP community and attorneys closely monitoring the case believed that the Ripple-SEC lawsuit would reach a final resolution through either a settlement or dismissal. The resignation of Gary Gensler and the favorable stance of the SEC during President Donald Trump’s administration may have contributed to this perception.
Attorney Jeremy Hogan noted that Ripple’s proposed deadline is quite standard. He mentioned that the SEC has 90 days to prepare its initial statement, questioning whether such a statement is truly necessary.
SEC’s Opening Statement
Last week, the U.S. Securities and Exchange Commission (SEC) presented an opening statement arguing that XRP itself constitutes a security, referencing Judge Analisa Torres’ ruling on Ripple Labs’ XRP sales. It is worth noting that Gensler was still president at that moment, and a leadership change occurred on Monday.
Ripple’s Chief Legal Officer Stuart Alderoty described the SEC’s appeal as a reiteration of already unsuccessful arguments. Ripple executives maintain a positive outlook regarding the case’s dismissal under the Trump administration.
Earlier this week, an organization called Better Markets submitted an Amicus statement supporting the SEC, arguing that XRP sales by Ripple Labs constituted investment contracts.
The progression of the Ripple-SEC lawsuit is closely monitored, as its outcomes could significantly impact the cryptocurrency markets.
The Ripple and SEC lawsuit holds significant importance within the cryptocurrency world. Prolonged proceedings may prompt companies to reassess their strategies and market dynamics. The legal status of XRP is crucial for the future of the cryptocurrency sector as a whole.
