- Ripple’s escalating battle with the SEC has put the future of XRP in the spotlight.
- Uncertainty has grown as SEC pressures threaten to reshape the landscape.
- Legal maneuvers by Ripple could set precedents affecting the entire industry.
Ripple’s legal fight with the U.S. Securities and Exchange Commission (SEC) just got more intense. With Ripple filing a cross-appeal, the already fierce battle over whether XRP qualifies as a security could drag on until mid-2025. The stakes? Not just Ripple’s future but the regulatory landscape for the entire cryptocurrency market.
As the lawsuit unfolds, XRP’s price remains stuck on a rollercoaster ride as the case unfolds. Investors are watching closely, knowing the outcome could reshape how digital assets are treated under U.S. law.
Ripple’s Cross-Appeal and Legal Strategy
Ripple isn’t backing down. Chief Legal Officer Stuart Alderoty revealed that the company’s cross-appeal aims to leave no stone unturned. Ripple’s legal team is challenging every possible angle, ensuring its legal case against the SEC doesn’t go unchallenged.
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He explained that the SEC has until October 16 to submit Form C, detailing the key points it intends to challenge. Ripple will follow with its own Form C, clarifying aspects of its cross-appeal. The entire legal process is expected to continue until at least July 2025 , involving comprehensive briefing and legal arguments from both sides.
In the meantime, Ripple continues to advance its strategic initiatives, including the development of its stablecoin RLUSD and expanding its global partnerships. Despite legal challenges, the company is demonstrating resilience and a commitment to innovation.
Ripple’s XRP ETF Prospects and Market Sentiment
Ripple isn’t just locked in a courtroom; it’s pushing ahead with business. The company continues to develop its RLUSD stablecoin and is expanding global partnerships, showing resilience in the face of legal uncertainty. XRP, however, struggles to maintain any positive price appreciation, leaving investors frustrated as other cryptocurrencies post gains.
Crypto legal experts, including James Murphy (MetaLawMan), have expressed concerns about the SEC’s regulatory power. He warns that the commission’s stance on XRP could complicate approval of an ETF tracking the asset. To qualify, XRP must be recognized as a commodity—an unresolved issue that could keep institutional investors on the sidelines.
On the Flipside
- The extended legal battle allows Ripple more time to strengthen its defense.
- A favorable outcome could set a positive precedent for other cryptocurrencies facing regulatory scrutiny.
- Prolonged uncertainty may benefit competitors by seizing market opportunities.
Why This Matters
Ripple’s legal showdown with the SEC could have far-reaching implications for the crypto industry. It could potentially influence regulatory approaches, investor confidence, and the future of digital assets like XRP. The outcome may determine how cryptocurrencies are classified and regulated, affecting innovation, adoption, and the global perception of Blockchain technology.
To learn more about the legal battle between Ripple and the SEC and how a cross-appeal could alter crypto law, read here:
Ripple Defies SEC—How the Cross-Appeal Aims to Alter Crypto Law
To learn more about Ripple’s criticism of the SEC’s stance on XRP and its legal implications, read here:
Ripple Slams SEC’s ‘Renegade’ Stance on XRP
