In response to the SEC’s submission of Form C in the appeal court, the blockchain company Ripple has officially submitted a Civil Appeal Pre-Argument Statement (Form C) as a cross-appeal in the ongoing XRP lawsuit with the US Securities and Exchange Commission (SEC). The XRP lawyer James K. Filan shared this information through X Post dated Oct. 25.

XRP’s Legal Chief Legal Officer’s Take On Form C

Writing a post on X (Formerly Twitter), Stuart Alderoty, Ripple’s Chief Legal Officer, clarified that Form C includes the listing of issues they plan to raise in the court. He stated that the case is not about whether XRP itself is a security. He emphasized that XRP, along with Bitcoin, has already been classified as a non-security, a ruling the SEC has not challenged.

Alderoty also noted that the Appeals Court will review the existing record, and he showed his confidence in the inability of the SEC to introduce new evidence or demand additional documents from Ripple. This means the legal process will be less dramatic than the previous stages of the litigation.

Alderoty Urges Focus on Core Issues Amid Distractions

While the appeal process continues, Alderoty urged the community to focus on the core issues and ignore the SEC’s attempts to create distractions. He assured that the most challenging phase of the legal battle is over and that Ripple’s business is thriving despite the ongoing case.

Next Steps: Case Progression and Court Deadlines

Following the Form C for cross-appeal from Ripple, the case will proceed with the appeal court issuing a scheduling order to outline deadlines for all briefings and consolidate filings. This includes relevant documents from the District Court, specifically case 24-2648, which will serve as the lead case.

Crypto Attorney John Deaton’s Strong Defense of XRP

Crypto attorney John Deaton recently shared his thoughts on Ripple’s Form C submission, firmly stating that there is no doubt about the legal standing of XRP. He highlighted Ripple co-founder Chris Larsen’s recent donation of one million XRP to Kamala Harris’s campaign as further proof of the token’s credibility and significance.

Deaton Criticizes SEC’s Inconsistent Approach to Coinbase

Deaton also took aim at the SEC for its handling of the case involving Coinbase. He pointed out that the SEC is accusing Coinbase of operating an illegal business model, largely due to its role in facilitating the transfer of tokens, including XRP, to third parties.

What makes this stand out, according to Deaton, is the inconsistency in the SEC’s position. Just two years ago, the SEC thoroughly reviewed Coinbase’s business practices before giving the green light for its IPO. Now, the same regulatory body is filing a lawsuit against the company.

Ripple CEO Brad Garlinghouse Predicts Crypto Reset

Ripple CEO Brad Garlinghouse also weighed in, predicting a major shift in the crypto landscape, no matter who wins the upcoming U.S. elections. “A reset is coming, regardless of the outcome, and I’m excited about the progress we’ll see,” Garlinghouse said.

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