XRP lawsuit: Deciphering the SEC’s latest motion to extend briefing

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Last Updated on July 24, 2022 by Bitfinsider

Following the SEC’s latest appeal, the legal battle between the SEC and Ripple appears to be entering a critical phase. To object to Judge Torres’ ruling on the speech draughts, the regulatory body has filed a motion for a 30-page brief and a 10-page reply.

As previously reported, Judge Torres ordered the SEC to turn over Hinman’s 2018 speech draughts.

Judge Torres partially accepted the SEC’s latest motion in the SEC vs. Ripple case. She required the SEC to file a 20-page briefing but allowed a 10-page reply in subsequent proceedings.

Because it was tasked with objecting to three separate orders in a single briefing, the regulatory body had hoped for a 30-page memorandum.

Meanwhile, Ripple has objected to both of these requests, as stated in court documents.

The defendants in this case believe that the three orders refer to a single motion concerning the Hinman speech. Moving on, the SEC has yet to receive Ripple’s opposing briefing.

As a result, Ripple opposes the SEC’s request for an extended reply brief. According to their motion, the SEC’s requests are “wholly unjustified and prejudicial.”

Another significant development in this case has recently come to light. The SEC requested that Judge Torres revoke the amicus status granted to XRP holders and remove John Deaton from the case.

This letter was objected to by the Ripple defence team. According to James K. Filan, “Ripple’s letter indicates the SEC wants XRP holders thrown out of the case entirely.”

The SEC has been backed into a corner by the ruling on Hinman’s speech. They are under increasing pressure to respond to these questions on social media.

It remains to be seen how long they can postpone the release of the documents. Ripple, based on recent motions, appears to be landing in a safe haven.


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Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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