Ripple Labs is currently embroiled in a prolonged legal battle with the US Securities and Exchange Commission (SEC) over XRP. The case has now seen appeals and cross-appeals from both parties.
Recently, the US Appeals Court for the Second Circuit issued a warning to Ripple about a potential procedural default. This notification served as a caution to ensure that the company’s attorneys are not excluded from future oral proceedings.
Ensuring legal representation is crucial for Ripple to navigate this complicated and ongoing lawsuit effectively. The outcome of this case could have significant implications for the blockchain payments firm.
