Ripple, failed to submit appeal documents by the deadline of the 18th
US court "decided to extend the deadline by 14 days"
"If it exceeds November 1, the cross-appeal will be automatically canceled"
);)
According to the US Court of Appeals on the 22nd, Ripple did not submit the notice of appeal and appearance confirmation to the Court of Appeals by the deadline of the 18th. The US Court of Appeals notified that Ripple did not comply with the deadline of the 18th and presented an additional 14-day period for document submission.
If Ripple does not submit the notice of appeal and appearance confirmation to the US Court of Appeals by November 1, Ripple's cross-appeal will be automatically canceled.
As Ripple, who had insisted that it would not back down against the SEC, did not submit the essential documents accompanying the cross-appeal, there is a major controversy in the market, centered on the XRP community. This is because Ripple has spent a huge amount of legal fees in the long-running lawsuit against the SEC, but failed to comply with the basic document submission deadline.
Attorney Roisman said, "Ripple failed to submit the essential documents on time, and given that Ripple is using $8,000-an-hour legal services, this is illogical."
Earlier on the 18th, the SEC completed the submission of essential documents for its appeal against the August ruling with Ripple to the US Court of Appeals. The SEC also missed the deadline for submitting the essential documents accompanying the appeal, but the SEC extended it by two days to the 18th and finally submitted the pre-appeal identification form.
Reporter Kwon Seung-won ksw@
