Ripple seeks April deadline for cross-appeal brief in SEC case

Ripple Labs has filed an application with the United States Court of Appeals for the Second Circuit requesting an April 16, 2025 deadline for its cross-appeal brief in Ripple v. SEC.

Ripple Labs Legal Team filed ” the request on January 23, with the crypto company’s legal team noting that Ripple co-founder Chris Larsen and CEO Brad Garlinghouse “join this request.”

“I write on behalf of cross-appellant Ripple Labs Inc (“Ripple”) regarding the above appeal and cross-appeal. Pursuant to this Court’s Rule 31.2(a)(1)(B), Ripple requests a due date of April 16, 2025 for its brief. I am authorized to state that the appellants Bradley Garlinghouse and Christian A. Larsen join in this request,” wrote Michael Kellogg, a member of the Ripple Labs legal team.

The SEC recently filed its brief, objecting to the ruling that retail sales of XRP (XRP) were not titles.

In July 2023, New York District Court Judge Analisa Torres ruled that XRP was not a security, marking a notable victory for Ripple and the crypto industry as a whole. However, the court determined that Ripple violated securities laws during its institutional sales of the XRP token.

Ripple and the SEC have remained engaged in a legal battle since the US securities watchdog filed a lawsuit against the company and its executives in December 2020. Although this is standard procedure In the US court system, market watchers are wondering whether the new SEC leadership could withdraw its appeal before Ripple files its cross-appeal brief.

On January 21, Acting SEC Chairman Mark Uyeda crypto working group announced review the agency’s approach to regulating the sector through plans to develop a clear framework. The SEC is also reportedly considering withdrawing some crypto lawsuits.

Two days later, US President Donald Trump signed an executive order on crypto creating a task force to address crypto regulation and legislative proposals. The decree also referred to a potential stockpile of digital assets.