XRP News Today: Crypto Rallies on Harris Crypto Framework, Trump SEC Plans in Focus
Based on appellate timelines from pro-crypto lawyer Fred Rispoli, the SEC must file its appeal-related opening brief by December 2, 2024. The agency may also extend to January 2025.
The agency could drop the appeal without material repercussions if Trump returns to the White House before the SEC files its opening brief.
XRP Capped at $0.55 as Appeal Uncertainty Lingers
Despite Monday’s rally, XRP failed to break out from $0.55 amid uncertainty over the SEC’s appeal. Judge Analisa Torres previously ruled that programmatic sales of XRP did not satisfy the third prong of the Howey Test. Before the SEC’s Notice of Appeal and the court docket, the consensus was that the SEC would not challenge the ruling.
In an August 2024 interview…
