Ripple’s Chief Legal Officer, Stuart Alderoty, has provided a potential timeline for the appeals process in the ongoing case against the US Securities and Exchange Commission (SEC). According to Alderoty, the appeals process could drag on until July 2025. On October 16, the SEC was required to submit Form C, which outlines the specific aspects of the case it plans to challenge on appeal.
Seven days later, Ripple will file its own Form C, providing more details about its cross-appeal. Both parties will then agree on a briefing schedule, and the SEC has up to 90 days to file its first brief. Alderoty expects the SEC to take the full 90 days. The full briefing process will go through July 2025.
The SEC’s decision to appeal follows the final ruling on August 7, 2024, which granted a permanent injunction against Ripple Labs and its executives, while imposing a $125 million penalty for unregistered XRP sales.
