Ripple SEC Case: Ripple Proposes Filing Brief by April 16
Ripple Labs, along with CEO Brad Garlinghouse and executive chairman Chris Larsen, has requested to file its brief in the ongoing XRP lawsuit by April 16. This proposal, outlined in a letter to the U.S. Court of Appeals for the Second Circuit, includes the timeline for their response to the appeal and cross-appeal in the case.
Ripple’s Request for Mid-April Deadline
In a court filing on January 24, Ripple requested the court to set April 16, 2025, as the due date for filing its brief. Both Garlinghouse and Larsen have joined in this request, which was submitted under Rule 31.2(a)(1)(B) of the court’s regulations. This schedule, if approved, extends the long-running XRP lawsuit beyond the previously anticipated conclusion in April or May. 
Lawyers Predict XRP Lawsuit Conclusion Before Deadline
Legal experts following the Ripple vs. SEC case suggest that a resolution might be reached before Ripple’s proposed filing date. Pro-XRP lawyer Bill Morgan speculated that the SEC may choose not to pursue the appeal further, seeing it as a tactic to buy time for potential negotiations or to formalize a settlement. Similarly, lawyer Jeremy Hogan noted that Ripple’s request is a standard procedural move, while questioning whether the brief will even need to be filed.
SEC’s Recent Arguments and Ripple’s Response
The U.S. Securities and Exchange Commission (SEC) recently filed its opening brief, challenging Judge Analisa Torres’ 2023 ruling that XRP itself is not a security. The SEC claimed the ruling contained errors regarding the sales of XRP by Ripple Labs. In response, Ripple’s chief legal officer, Stuart Alderoty, dismissed the SEC’s arguments as a repetition of previously unsuccessful claims. Ripple remains optimistic about ending the lawsuit, describing it as a remnant of the Trump administration’s policies.
Amicus Brief Filed in Support of SEC
Earlier this week, Better Markets filed an Amicus brief supporting the SEC’s position that Ripple’s XRP sales constitute an investment contract. Despite this, Ripple executives remain confident about the outcome, anticipating a favorable resolution that could mark the end of the prolonged legal battle.
Tags: Ripple, Brad Garlinghouse, SEC, XRP, Ripple Lawsuit
