Did the SEC miss the appeal date in the Ripple case? Is the case over?

In the SEC-Ripple case, which has been going on for about 4 years, it is claimed that the SEC missed the day of appeal to the judge’s decision. While some experts stated that the appeal date expired on the 16th of the month, a statement came from the institution that the process continues.

Did the SEC miss the appeal date in the Ripple case? Is the case over?

A surprising uncertainty has emerged regarding the Ripple case of the US Securities and Exchange Commission (SEC). As it is known, the SEC announced that it will appeal the judge’s decision on XRP sales. It was claimed that the institution missed the date of the file it had to submit as the first step of the appeal process.

Recorded on the 4th instead of the 2nd

Eleanor Terrett, a journalist from Fox News, investigated the claims of some XRP supporters on social media that the SEC missed this date. According to the file shared by Terrett; The SEC made the first part of the appeal on October 2. However, this objection petition officially entered the court records on October 4. The SEC, on the other hand, has still not submitted File C, the completed version of the objection petition, to the court committee. Considering that the C File must be submitted no later than 14 days after the preliminary objection, this file should have been submitted to the court on the 16th.

Here, the XRP community claims that the objection process ended on the 16th and that the SEC has now missed the objection.

However, experts say that the SEC made the necessary objection on the 2nd of the month and therefore still has until tomorrow evening to submit the final version of File C. Because considering 14 days ahead of the file that entered the court records on the 4th of the month, it turns out that the institution has time until tomorrow evening, that is, until the 18th of the month. However, there is still no certainty of this.

SEC: Everything is normal

Terrett said that he also spoke to a spokesperson from the SEC and the spokesperson told him, “Everything is normal. The process and files will be made public soon, ” he said.

Ripple CEO also responded

Ripple CEO Brad Garlinghouse also responded to Terrett’s SEC tweet and said, “They already make their own rules. The process proceeds normally, of course,” he said, once again throwing stones at the SEC.

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