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Bitcoin Bitcoin (BTC) $117,954.22 ↑ 0.33%
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Hyperliquid Hyperliquid (HYPE) $43.43 ↓ -1.30%
Sui Sui (SUI) $4.14 ↑ 4.20%
Stellar Stellar (XLM) $0.44 ↑ 1.33%
Chainlink Chainlink (LINK) $18.42 ↑ 0.83%
Hedera Hedera (HBAR) $0.28 ↑ 8.93%
Bitcoin Cash Bitcoin Cash (BCH) $559.58 ↑ 0.53%
Avalanche Avalanche (AVAX) $24.92 ↑ 3.87%
Litecoin Litecoin (LTC) $113.99 ↑ 0.43%
UNUS SED LEO UNUS SED LEO (LEO) $8.99 ↓ -0.03%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -0.12%
Toncoin Toncoin (TON) $3.30 ↑ 3.27%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.01%
Uniswap Uniswap (UNI) $10.54 ↑ 1.17%
Polkadot Polkadot (DOT) $4.13 ↑ 1.02%
Monero Monero (XMR) $321.77 ↑ 0.00%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.55 ↓ -0.04%
Pepe Pepe (PEPE) $0.00 ↓ -0.86%
Cronos Cronos (CRO) $0.14 ↑ 7.68%
Aave Aave (AAVE) $295.48 ↑ 0.60%
Bittensor Bittensor (TAO) $427.15 ↑ 0.16%
Ethena Ethena (ENA) $0.62 ↑ 2.95%
NEAR Protocol NEAR Protocol (NEAR) $2.89 ↑ 0.89%
Ethereum Classic Ethereum Classic (ETC) $22.84 ↑ 0.89%
Pi Pi (PI) $0.44 ↓ -0.15%
Ondo Ondo (ONDO) $1.04 ↑ 0.76%
Aptos Aptos (APT) $4.81 ↑ 1.21%
Internet Computer Internet Computer (ICP) $5.66 ↑ 0.75%
OKB OKB (OKB) $48.58 ↑ 1.17%
Bonk Bonk (BONK) $0.00 ↓ -3.41%
Mantle Mantle (MNT) $0.80 ↑ 4.28%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 9.43%
Kaspa Kaspa (KAS) $0.10 ↓ -2.21%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.12%
Algorand Algorand (ALGO) $0.27 ↑ 3.39%
Arbitrum Arbitrum (ARB) $0.45 ↑ 1.44%
VeChain VeChain (VET) $0.03 ↑ 0.49%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.06%
Render Render (RENDER) $4.22 ↓ -0.20%
GateToken GateToken (GT) $17.75 ↑ 1.01%
Worldcoin Worldcoin (WLD) $1.16 ↓ -0.13%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.17 ↑ 0.69%
Sky Sky (SKY) $0.09 ↑ 1.34%
Sei Sei (SEI) $0.34 ↑ 2.03%
Cosmos Cosmos (ATOM) $4.76 ↑ 1.27%
SPX6900 SPX6900 (SPX) $1.98 ↓ -0.10%
Filecoin Filecoin (FIL) $2.67 ↑ 0.89%
Flare Flare (FLR) $0.03 ↑ 12.06%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↓ -0.86%
Jupiter Jupiter (JUP) $0.56 ↑ 0.64%
Story Story (IP) $5.51 ↑ 0.79%
Injective Injective (INJ) $14.93 ↑ 6.54%
Curve DAO Token Curve DAO Token (CRV) $1.09 ↑ 5.77%
KuCoin Token KuCoin Token (KCS) $11.62 ↓ -3.35%
Quant Quant (QNT) $122.50 ↑ 1.04%
XDC Network XDC Network (XDC) $0.09 ↑ 3.60%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.00%
Celestia Celestia (TIA) $1.93 ↓ -0.73%
Fartcoin Fartcoin (FARTCOIN) $1.33 ↓ -2.65%
Four Four (FORM) $3.37 ↓ -0.69%
Stacks Stacks (STX) $0.81 ↑ 0.33%
Optimism Optimism (OP) $0.72 ↑ 0.41%
FLOKI FLOKI (FLOKI) $0.00 ↓ -1.08%
Ethereum Name Service Ethereum Name Service (ENS) $30.28 ↑ 6.29%
Immutable Immutable (IMX) $0.57 ↑ 0.48%
dogwifhat dogwifhat (WIF) $1.06 ↓ -1.05%
The Graph The Graph (GRT) $0.11 ↑ 0.23%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.57 ↑ 0.38%
Kaia Kaia (KAIA) $0.17 ↑ 1.75%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 3.27%
Lido DAO Lido DAO (LDO) $1.08 ↓ -1.63%
Sonic Sonic (S) $0.34 ↑ 0.55%
PancakeSwap PancakeSwap (CAKE) $2.80 ↑ 1.07%
PAX Gold PAX Gold (PAXG) $3,355.72 ↑ 0.18%
Conflux Conflux (CFX) $0.18 ↓ -0.50%
Tezos Tezos (XTZ) $0.89 ↑ 0.66%
Vaulta Vaulta (A) $0.57 ↓ -0.86%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.03%
Theta Network Theta Network (THETA) $0.89 ↑ 0.91%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 0.23%
Nexo Nexo (NEXO) $1.31 ↓ -0.62%
IOTA IOTA (IOTA) $0.21 ↑ 1.91%
Tether Gold Tether Gold (XAUt) $3,347.60 ↑ 0.10%
Raydium Raydium (RAY) $3.04 ↑ 0.84%
Gala Gala (GALA) $0.02 ↑ 0.75%
The Sandbox The Sandbox (SAND) $0.31 ↑ 1.92%
Aerodrome Finance Aerodrome Finance (AERO) $0.89 ↓ -0.40%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 1.03%
Pendle Pendle (PENDLE) $4.44 ↓ -1.04%
Jito Jito (JTO) $1.99 ↑ 0.64%
Bitcoin Bitcoin (BTC) $117,954.22 ↑ 0.33%
Ethereum Ethereum (ETH) $3,741.57 ↑ 0.39%
XRP XRP (XRP) $3.17 ↑ 1.12%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.02%
BNB BNB (BNB) $796.01 ↑ 1.48%
Solana Solana (SOL) $185.23 ↓ -0.58%
USDC USDC (USDC) $1.00 ↓ 0.00%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 0.00%
TRON TRON (TRX) $0.32 ↑ 0.91%
Cardano Cardano (ADA) $0.82 ↑ 0.76%
Hyperliquid Hyperliquid (HYPE) $43.43 ↓ -1.30%
Sui Sui (SUI) $4.14 ↑ 4.20%
Stellar Stellar (XLM) $0.44 ↑ 1.33%
Chainlink Chainlink (LINK) $18.42 ↑ 0.83%
Hedera Hedera (HBAR) $0.28 ↑ 8.93%
Bitcoin Cash Bitcoin Cash (BCH) $559.58 ↑ 0.53%
Avalanche Avalanche (AVAX) $24.92 ↑ 3.87%
Litecoin Litecoin (LTC) $113.99 ↑ 0.43%
UNUS SED LEO UNUS SED LEO (LEO) $8.99 ↓ -0.03%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -0.12%
Toncoin Toncoin (TON) $3.30 ↑ 3.27%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.01%
Uniswap Uniswap (UNI) $10.54 ↑ 1.17%
Polkadot Polkadot (DOT) $4.13 ↑ 1.02%
Monero Monero (XMR) $321.77 ↑ 0.00%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.55 ↓ -0.04%
Pepe Pepe (PEPE) $0.00 ↓ -0.86%
Cronos Cronos (CRO) $0.14 ↑ 7.68%
Aave Aave (AAVE) $295.48 ↑ 0.60%
Bittensor Bittensor (TAO) $427.15 ↑ 0.16%
Ethena Ethena (ENA) $0.62 ↑ 2.95%
NEAR Protocol NEAR Protocol (NEAR) $2.89 ↑ 0.89%
Ethereum Classic Ethereum Classic (ETC) $22.84 ↑ 0.89%
Pi Pi (PI) $0.44 ↓ -0.15%
Ondo Ondo (ONDO) $1.04 ↑ 0.76%
Aptos Aptos (APT) $4.81 ↑ 1.21%
Internet Computer Internet Computer (ICP) $5.66 ↑ 0.75%
OKB OKB (OKB) $48.58 ↑ 1.17%
Bonk Bonk (BONK) $0.00 ↓ -3.41%
Mantle Mantle (MNT) $0.80 ↑ 4.28%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 9.43%
Kaspa Kaspa (KAS) $0.10 ↓ -2.21%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 1.12%
Algorand Algorand (ALGO) $0.27 ↑ 3.39%
Arbitrum Arbitrum (ARB) $0.45 ↑ 1.44%
VeChain VeChain (VET) $0.03 ↑ 0.49%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.06%
Render Render (RENDER) $4.22 ↓ -0.20%
GateToken GateToken (GT) $17.75 ↑ 1.01%
Worldcoin Worldcoin (WLD) $1.16 ↓ -0.13%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.17 ↑ 0.69%
Sky Sky (SKY) $0.09 ↑ 1.34%
Sei Sei (SEI) $0.34 ↑ 2.03%
Cosmos Cosmos (ATOM) $4.76 ↑ 1.27%
SPX6900 SPX6900 (SPX) $1.98 ↓ -0.10%
Filecoin Filecoin (FIL) $2.67 ↑ 0.89%
Flare Flare (FLR) $0.03 ↑ 12.06%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↓ -0.86%
Jupiter Jupiter (JUP) $0.56 ↑ 0.64%
Story Story (IP) $5.51 ↑ 0.79%
Injective Injective (INJ) $14.93 ↑ 6.54%
Curve DAO Token Curve DAO Token (CRV) $1.09 ↑ 5.77%
KuCoin Token KuCoin Token (KCS) $11.62 ↓ -3.35%
Quant Quant (QNT) $122.50 ↑ 1.04%
XDC Network XDC Network (XDC) $0.09 ↑ 3.60%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.00%
Celestia Celestia (TIA) $1.93 ↓ -0.73%
Fartcoin Fartcoin (FARTCOIN) $1.33 ↓ -2.65%
Four Four (FORM) $3.37 ↓ -0.69%
Stacks Stacks (STX) $0.81 ↑ 0.33%
Optimism Optimism (OP) $0.72 ↑ 0.41%
FLOKI FLOKI (FLOKI) $0.00 ↓ -1.08%
Ethereum Name Service Ethereum Name Service (ENS) $30.28 ↑ 6.29%
Immutable Immutable (IMX) $0.57 ↑ 0.48%
dogwifhat dogwifhat (WIF) $1.06 ↓ -1.05%
The Graph The Graph (GRT) $0.11 ↑ 0.23%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.57 ↑ 0.38%
Kaia Kaia (KAIA) $0.17 ↑ 1.75%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 3.27%
Lido DAO Lido DAO (LDO) $1.08 ↓ -1.63%
Sonic Sonic (S) $0.34 ↑ 0.55%
PancakeSwap PancakeSwap (CAKE) $2.80 ↑ 1.07%
PAX Gold PAX Gold (PAXG) $3,355.72 ↑ 0.18%
Conflux Conflux (CFX) $0.18 ↓ -0.50%
Tezos Tezos (XTZ) $0.89 ↑ 0.66%
Vaulta Vaulta (A) $0.57 ↓ -0.86%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.03%
Theta Network Theta Network (THETA) $0.89 ↑ 0.91%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 0.23%
Nexo Nexo (NEXO) $1.31 ↓ -0.62%
IOTA IOTA (IOTA) $0.21 ↑ 1.91%
Tether Gold Tether Gold (XAUt) $3,347.60 ↑ 0.10%
Raydium Raydium (RAY) $3.04 ↑ 0.84%
Gala Gala (GALA) $0.02 ↑ 0.75%
The Sandbox The Sandbox (SAND) $0.31 ↑ 1.92%
Aerodrome Finance Aerodrome Finance (AERO) $0.89 ↓ -0.40%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 1.03%
Pendle Pendle (PENDLE) $4.44 ↓ -1.04%
Jito Jito (JTO) $1.99 ↑ 0.64%
Home Cryptocurrency

Ripple vs. SEC: As Critical Deadline Approaches, XRP Founder Makes a Key Move

Behcet Ekici by Behcet Ekici
23 October 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
representation of the Ripple vs. SEC lawsuit. The scene shows the Ripple logo and the SEC logo facing off with a legal gavel in be

As the SEC lawsuit against Ripple nears a crucial phase, Ripple co-founder Chris Larsen is making strategic moves to protect XRP from further regulatory action. The company’s focus is on maintaining the court’s previous ruling that XRP is not a security, while also preventing the SEC from imposing additional penalties. Larsen’s actions aim to block any potential sanctions from the SEC and protect XRP from renewed scrutiny.22ccc

Table of Contents

Toggle
  • Chris Larsen’s Strategic Filing
    • YOU MAY BE INTERESTED
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    • 3 Best Cryptos to Join in 2025 With One Meme Coin’s Whitelist Gaining Massive Traction 
  • Ripple’s Cross-Appeal Filing
  • Critical Form C Deadline on October 24
  • What’s Next for Ripple?

Chris Larsen’s Strategic Filing

Larsen recently made a key filing just days before the critical deadline for submitting Form C in the ongoing legal battle with the SEC. By submitting this notification, Ripple aims to prevent issues that could arise from cross-appeal processes. The goal is to stop the SEC’s potential punitive actions and ensure the security-related classification of XRP remains settled. This move positions Larsen and Ripple to take a more decisive stance in the company’s legal defense.

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Ripple’s Cross-Appeal Filing

Ripple’s cross-appeal seeks to put an end to the SEC’s enforcement efforts once and for all. Led by attorney Stuart Alderoty, Ripple’s legal team argues that the SEC’s attempts to overturn the previous ruling, which stated XRP is not a security, are unlikely to succeed. Alderoty emphasized that the court’s decision is now the “law of the land” and noted that for the SEC to win its appeal, it would need to prove that Judge Analisa Torres’s ruling was not made with “ordinary intelligence.”

Untitled 1

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Critical Form C Deadline on October 24

The next important step for Ripple is submitting Form C by the midnight deadline on October 24. This document is crucial for Ripple to continue its legal battle. Failing to file on time could hinder the company’s ability to present further oral arguments. However, Ripple is well-prepared and has taken all necessary precautions to meet this deadline, ensuring they are ready for any potential scenarios in the case.

Despite the ongoing legal uncertainties, the XRP community remains optimistic. A favorable outcome for Ripple could lead to a significant price surge for XRP, which is currently trading at $0.5273, down 4% over the past 24 hours. XRP’s 24-hour trading volume stands at $1.42 billion, indicating sustained market activity despite the legal challenges.chart 1 10

What’s Next for Ripple?

Ripple’s legal battle with the SEC is shaping up to be a critical moment for the cryptocurrency industry. While XRP holders remain hopeful, the outcome of this case could set a precedent for how other cryptocurrencies are classified and regulated. Ripple’s proactive steps, including its timely filing of Form C, will play a crucial role in determining its future in the market.

Tags: Chris LarsenForm CrippleSEC lawsuitXRP
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Behcet Ekici

Behcet Ekici

Technical analyst/ Financial Analyst / Writer/ Content Editor My name is Behçet Ekici, and I am a content writer with a focus on technical analysis in the world of cryptocurrency. With years of experience writing in the industry, I have developed a keen understanding of how to analyze market trends and provide valuable insights to readers.

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