The US Court of Appeal, Ripple, which has been going on for a long time $3.1 He issued a calendar order for the appeal applications made in the case. The Court of Appeal demanded that both sides to comply with this calendar. If they do not comply, the appeal may be rejected. Ripple Labs and CEO Brad Garlinghouse are obliged to comply with this calendar until April 7, 2025.
The case process and the new calendar
In the final application, Ripple Labs Inc. A case against the case issued a file notification. In addition, the court “Sostack v. Ripple labs ”under the title of a calendar order.
Documents of the parties and recent requests
The plaintiff accused the plaintiff of violating the laws of securities against Ripple, Ripple, XRP II and CEO Brad Garlinghouse. The first -instance court decided in favor of Ripple and Garlinghouse, but this decision is re -evaluated in the appeal court.
Possible results and expectation of reconciliation
The Court of Appeal asked the parties to separate the parties separately from this court. The movements filed with the appeal submitted to the first instance court do not automatically go to this court.
Uz We are taking the necessary steps to meet the costs of the case process, Rip Ripple Labs CEO Brad Garlinghouse explained.
According to the court calendar, the plaintiff Bradley Sostack must fill the mediator survey until January 29th. In addition, the opening summary of the appeal must be submitted until 6 March. This includes clear arguments against Ripple Labs, XRP II and CEO Brad Garlinghouse.
Ripple Labs and CEO Garlinghouse make efforts to terminate the case and reject the plaintiff’s cost requests with Sostack. The company requested funds for the time and expenses spent due to the securities violations of the case by presenting a “cost invoicing”.
Since the Trump administration has decided not to follow the appeal applications, crypto cases will go to reconciliation or reject in April or May.
Ripple and his team will offer a summary of the answer until April 7, 2025. In addition, the company plans to file a short statement in the Ripple etc SEC Case until April 16th.
The progress of the case may constitute an important judgment as to whether Ripple complies with the laws of securities. In this process, the parties comply with the calendar may be decisive in the conclusion of the case.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
