According to Fox Business reporter Eleanor Terrett, Ripple's general counsel said that October 16 is an important deadline for the Securities Exchange Commission (SEC) to file a case against Ripple, and the SEC may ignore this deadline without Pacer's filing. Eleanor Terrett has sought comment from the SEC and Ripple's chief legal officer after Ashley Prosper, Ripple's general counsel, said the SEC had a deadline of October 16 to disclose its grounds for appeal.