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Ripple vs. SEC Update: Key Insights from Legal Experts on Appeal Court Notice

  • Ripple's executive has 14 days to file the required acknowledgment and Notice of Appearance in the case against the SEC.
  • The SEC has filed its Civil Appeal Pre-Argument Statement to the Second Circuit Court of Appeals, while Ripple failed to meet the deadline.
  • Former securities lawyer Marc Fagel stated that there is no evidence to prove that the SEC did not file its Form C earlier.
  • Legal expert Fred Rispoli pointed out Ripple's fault for failing to file a form on time, causing concern considering the high legal team costs.

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