Ripple vs SEC Lawsuit Faces Extended Timeline Compared to Coinbase
- Ripple has been ordered to pay a $125 million penalty as part of the settlement with the SEC.
- The case is complicated by an existing ruling from Judge Torres, which may remain unless both parties agree on a penalty reduction.
- Ripple’s cross-appeal and filing deadline extension to April 16, 2025, suggest a longer resolution timeline.
- The Appellate Court’s involvement adds complexity, contrasting with the quicker settlement in the Coinbase case.
- Judge Torres retains jurisdiction until August 2025, requiring her approval for any changes to the ruling terms.
The Ripple vs SEC lawsuit is expected to take longer due to an existing $125 million penalty and procedural complexities involving an appeal and Judge Torres’s ongoing jurisdiction.
Source (2.6)https://coingape.com/ripple-vs-sec-lawsuit-may-take-longer-to-settle-than-coinbase-expert-warns/?rand=24432