TechFlow news, October 23 — According to Crypto Briefing, Ripple has suffered a procedural setback in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). On October 18, 2024, the U.S. Court of Appeals for the Second Circuit issued a notice of default, stating that Ripple’s legal team failed to timely submit the required "Notice of Appearance and Confirmation" form.
The court has granted Ripple a 14-day extension, with a new deadline of November 1, 2024. If Ripple’s attorneys fail to file the required documents by this revised deadline, they may be barred from presenting arguments at the upcoming appellate hearing unless special permission is granted by the court.
Legal expert Fred Rispoli commented that while this delay may seem minor, it remains an avoidable error given the high legal fees Ripple is paying. He stated, “Ripple simply missed the filing deadline. It's not a major issue, but when you're paying $8,000 per hour for legal services, this is exactly the kind of thing you'd expect to be avoided.”
