SEC Refuses to Postpone XRP Appeal,

The SEC’s refusal to extend the deadline to file its opening appeal brief against Ripple scheduled for today has left Ripple’s chief legal officer Stuart Alderoty frustrated.

Alderoty informed members of the XRP community that the regulator, led by Gary Gensler, is still committed to filing the brief by today. He claimed that Ripple has reached out to the financial watchdog for an extension. The commission, however, declined.

The outgoing SEC chairman, who will step down on January 20, was the target of Alderoty’s punch.

He noted that January 20 would mark the end of Gensler’s war on cryptocurrency. The SEC’s stance on cryptocurrency could change under the new leadership led by pro-crypto activist Paul Atkins. Alderoty said Ripple intends to work with the SEC leadership under the Trump administration to resolve the long-running legal dispute.

Meanwhile, Ripple revealed that it has contributed $100,000 in XRP to World Central Kitchen and GiveDirectly via The Giving Block to support California wildfire relief efforts.

It has already donated $50,000 worth of RLUSD to the Los Angeles Fire Department (LAFD) Foundation to support first responders on the frontlines of the California wildfires.

Price Action

The SEC’s impending appeal brief is not worrying investors as the price of XRP has skyrocketed overnight. XRP is now trading at $2.8, down from its intraday low of $2.5 yesterday.

The remittance-based token is currently approaching the $2.90 resistance level, which is its highest price in six years, and investors are predicting it will hit a new all-time high in the coming weeks.$XRP