Ripple Case Update: SEC Required to Submit Brief by January 15, 2025

According to recent reports from COINOTAG, on November 1, notable updates in the ongoing SEC v. Ripple case were shared by former U.S. federal prosecutor James K. Filan via the X platform. The Second Circuit Court of Appeals has mandated that the SEC submits its litigation brief by January 15, 2025. Failure to comply with this deadline will result in the dismissal of the appeal. It is important to note that any motions filed to request an extension for submitting briefs or to obtain additional relief will not affect the established submission deadline. This development is crucial for stakeholders monitoring regulatory actions in the cryptocurrency space, as it could have significant implications on the Ripple case and the broader market sentiment.