The U.S. Securities and Exchange Commission (SEC) may have weakened its case against Ripple after failing to meet a critical filing deadline. Following its October 2 announcement to appeal Judge Analisa Torres’s August 7 ruling, the SEC had 14 days to submit Forms C and D. However, by the October 16 deadline, the regulator had not submitted the required documents, potentially jeopardizing its legal position in the ongoing lawsuit.
<h2>Attorney Fred Rispoli on Missed Filing</h2>
[embed]https://twitter.com/freddyriz/status/1846771046462247392[/embed]

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.
<h3>Courts Favor Federal Agencies in Deadlines</h3>
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.
<h3>Ripple Community Reacts to SEC’s Missed Deadline</h3>
The missed deadline has sparked confusion and debate within the <a href="https://www.cryptoknowmics.com/news/xrp-community-alert-evernode-airdrop-concerns/" target="_blank" rel="noopener">XRP community</a>. Some members, like commentator Moon Lambo, pointed out that the rule states the appeal "will" be dismissed if the deadline isn't met. However, others agree with Rispoli's view that federal agencies are often given more flexibility.

While the situation has raised questions about the SEC’s future in the Ripple case, the long-term impact of the missed filing remains uncertain.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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

The SEC missed a key deadline in the Ripple case, raising questions about its legal strategy. Attorney Fred Rispoli urges caution amid XRP community reactions.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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

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