Ripple Files Appellate Brief in Ongoing SEC Legal Battle
Ripple's ongoing legal battle with the SEC remains unresolved as of April 17, following a pivotal deadline. Ripple was expected to file an appellate brief on April 16, but no significant updates have emerged.
- The case has been active since 2020, affecting investor sentiment.
- Speculation about a potential settlement exists, fueled by the SEC removing the XRP lawsuit from its website.
- Ripple faces a $125 million penalty and possible appeals, complicating resolution timelines.
- XRP saw a price increase of 5% to $2.25 on March 10, 2025, amid settlement rumors, currently trading around $2.08.
Future Outlook
- Legal experts indicate that unresolved penalties may prolong the case into late 2025 or beyond.
- Predictions of the SEC dropping its appeal did not materialize in March.
- Attention now shifts to Ripple's actual filings post-April deadline.