The popular belief is that the legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs may already be near its end. However, that could not be further away from the truth. This follows after the financial regulator requested for the court to grant it an extension in the ongoing case. According to its filing, Ripple Labs is looking to push the deadline for its principal brief to January 15, 2025.
Legal Experts Predict SEC Ripple Case Could Last Until 2026
The new development was shared by defense lawyer James Filan on the X platform and has since drawn attention from both legal experts and the crypto community in general.
For someone like pro-XRP attorney Fred Rispoli, the case now sure looks like it could stretch out even further until 2026 or even beyond.
Interestingly, SEC’s extension request comes at a time when there is high anticipation for Ripple’s next legal move. More so, regarding the company’s expected Form C filing.
Expectations are that the filing will clarify which parts of Judge Analisa Torres’ earlier ruling Ripple plans to cross-appeal.
Delays Stir Speculation in Crypto Circles
According to FOX Business journalist Eleanor Terrett, Ripple’s Form C was expected to be submitted by Thursday. However, there has been no official confirmation yet.
Be that as it may, the ongoing delays and legal back-and-forth have sparked widespread speculation within the crypto community. For some, the SEC’s request for more time is nothing but a legal tactic. Others it is a sign of potential complications within the Commission’s appeal process.
Ripple’s CEO, Brad Garlinghouse, is another prominent individual who has been publicly critical of the SEC’s ways, accusing the agency of regulatory overreach. His vocal advocacy has further fueled the debate around the case, which remains one of the most closely watched in the crypto world.
As the case continues, Ripple supporters will be hopeful for a favourable outcome, while the SEC seeks more time to strengthen its appeal.
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