Ripple vs. SEC: Reply Brief Due May 6 as Climax Builds

• The SEC is preparing to submit its reply brief on May 6, following Ripple’s recent filing on April 22.
• Ripple countered the SEC’s allegations in its brief.
• The SEC’s reply brief will respond to Ripple’s arguments.

Ripple Labs Inc.’s ongoing legal battle with the US Securities and Exchange Commission (SEC) is approaching another significant point in its proceedings. Following Ripple’s brief on April 22, the SEC is set to submit its reply brief on May 6 as the climax builds toward final judgment.

After the SEC’s opening brief on March 22, Ripple was granted an extended deadline until April 22 to submit its opposition brief. This allowed Ripple to work on its defense and address the SEC’s allegations to reduce the potential penalty. Ripple’s filing countered expert testimony and other exhibits in the SEC’s opening brief.

However, the SEC’s imminent reply brief will respond to Ripple’s arguments and reinforce its position on the appropriate penalties for the alleged securities violations.

XRP market participant Ashley Prosper recently commented on the upcoming legal phase on X, noting, “Tomorrow we see the final reply from the SEC in the remedies phase …

The post Ripple vs. SEC: Reply Brief Due May 6 as Climax Builds appeared first on Coin Edition.