XRP case, US SEC and Ripple 
$0.525563 The process between Labs continues as it is prolonged by appeals. The US Court of Appeals for the Second Circuit notified Ripple of a possible procedural deviation. This notice serves as a warning to the blockchain payment company not to exclude its lawyers in future Oral Arguments.
Procedural Processes
Ripple has not yet filed its Attorney Approval and Notice of Appearance, the Second Circuit Court reported. This document was stated by the court as a document that should be delivered on October 18.
Unlike the US SEC, which did not miss the Form C filing deadline, the court granted Ripple Labs a 14-day grace period. If he cannot produce the necessary documents in the XRP case, his lawyers may lose the chance to present oral arguments in the appeal case.
Future Steps for Ripple Labs
Ripple Labs has not violated any court procedures known to the community and is not expected to do so. After the US SEC filed its Form C statement last week, Ripple’s Chief Legal Officer Stuart Alderoty announced that the company would submit its response this week.
The company has clearly identified its goals in the XRP case. Company executives said the cross-appeal would help put an end to the SEC’s enforcement tactics. It is also important to note that the regulator has included crypto assets in its list of review priorities for 2025.
It is thought that this case may help change enforcement approaches to some extent, which increases the importance of the case. If Ripple Labs takes the right steps, it could affect the course of the case and have long-term effects on cryptocurrency regulations.
Conclusion
The process in the XRP case is at a critical juncture for Ripple Labs. The additional time granted by the court requires the company to reconsider its legal strategy. The steps Ripple takes could affect not only the outcome of the case, but also the regulation of cryptocurrency markets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
