SEC Misses Critical Filing Deadline in Ripple Case, Impact Remains Unclear

Attorney Fred Rispoli, a prominent figure in the XRP community, took to X (formerly Twitter) to inform the community about the SEC’s failure to file Form C. While this oversight could theoretically lead to the dismissal of the appeal, Rispoli advised against premature celebration. He noted that appellate courts tend to show leniency toward federal agencies, meaning the SEC could be granted some leeway despite the missed deadline.
Courts Favor Federal Agencies in Deadlines
Rispoli further explained the discrepancy in how courts treat private individuals versus government bodies. While missing such a deadline would likely result in dismissal for private parties, government agencies like the SEC often face less stringent consequences. This has led to frustration within the XRP community, which had hoped the missed filing would lead to a swift resolution.