New Deadlines Set as SEC-Ripple Legal Battle Faces Uncertainty Amid Government Shutdown Threat
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Ripple’s SEC Appeal Advances as Key 2025 Deadlines Face Shutdown Uncertainty
The ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) has taken a crucial turn with the Ninth Circuit Court of Appeals setting new deadlines. However, the possibility of a US government shutdown is casting a shadow over the proceedings.
Ripple’s appeal includes mediation requests by December 2024 and appeal hearings scheduled for March 2025. The SEC’s response to Ripple’s appeal could be delayed if the government shuts down, significantly impacting the case’s timeline.
It appears that both parties are under immense pressure to adhere to court deadlines as well as navigate the uncertainty surrounding a potential government shutdown. If the US government does experience a shutdown, it may grant Ripple more time to prepare its defense, but this would undoubtedly prolong the already protracted legal battle.
As the world waits with bated breath for the outcome of this case, several questions arise regarding the impact of such an event on Ripple and the broader cryptocurrency industry.
Source: cryptonewsland.com
