Editor's PiCK
"Ripple·U.S. SEC Lawsuit, Ripple's Rebuttal Report Expected to be Submitted by April 16"
Summary
- Ripple is reportedly planning to submit a response brief rebutting the SEC's claims by April 16.
- The SEC has submitted an opening brief containing reasons for the appeal in the lawsuit with Ripple.
- Ripple is expected to counter the SEC's claims of unregistered securities sales through the response brief.
Ripple, which is in a legal battle with the U.S. Securities and Exchange Commission (SEC), is reportedly planning to submit a report rebutting the SEC's claims by April 16.
On the 24th, James Filan, a lawyer and former U.S. federal prosecutor, stated on X (formerly Twitter), "Recently, the U.S. SEC submitted an opening brief related to the legal lawsuit with Ripple, and Ripple has requested the U.S. court to submit a response brief by April 16."
The SEC's opening brief contains reasons for the appeal. The response brief will be composed of content rebutting this.
Previously, in 2020, the SEC filed a lawsuit claiming that Ripple sold unregistered securities. Since then, the SEC has partially lost the lawsuit and has filed an appeal.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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