The post Ripple vs SEC Case Confusion; The Truth Behind Form C Filing appeared on BitcoinEthereumNews.com.

The ongoing legal battle between the United States Securities & Exchange Commission (SEC) and Ripple Labs has seen a new wave of uncertainty. The SEC’s deadline for filing Form-C in its case against Ripple is set for October 18, 2024. This wreaks confusion over whether the SEC had missed the deadline, initially thought to be October 16; however, the SEC’s appeal against a favorable ruling for Ripple was officially recorded on October 4, allowing them to file Form-C by the new deadline. Ripple will then have seven days to submit its own Form-C for a cross-appeal, potentially extending the case timeline into mid-2025. The case docket reveals that the SEC filed its notice of appeal on October 2, 2024. This filing date plays a critical role in calculating the deadline for the submission of Form-C. Legal analysts, like Jeremy Hogan, have been questioning whether Form-C was due by October 17 or if the SEC could have until October 18 due to the timing of the docket entry. Hogan expressed his confusion on social media, indicating that he could not find any logical error in assuming Form-C was due by October 17. His concern highlights the high stakes involved, as the SEC’s appeal could face dismissal if the form was not submitted on time. I’m trying to figure out how we got the timeframe wrong but…I can’t see any flaw in the logic. The C was due today and…it’s not showing up on the docket. If it wasn’ filed, the appeal “will” be dismissed (is what it says). Those are the facts as we know ’em. I’m hesitant… pic.twitter.com/jHVWZ3mNF4 — Jeremy Hogan (@attorneyjeremy1) October 17, 2024 Delays and Deadlines in the Ripple vs. SEC case Eleanor Terrette, a reporter closely following the case, noted the nuances of the appeal process, pointing…

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Filed under: News - @ October 17, 2024 10:22 am