Ripple’s fortune undecided- SEC files for an extension until 7 June because…
The ever-lasting lawsuit between the U.S. regulatory board and the San Fransico-based fintech firm witnesses different filings every day. But there’s one attribute that continues to align or follow the same trend- Plaintiff’s (U.S. SEC) attempts to delay the case. This time is no different.
On 21 May, John Deatonfiled an amici status application, which allowed him to represent approximately 67,000 XRP investors in the current legal battle. The filing ensured a complete and plenary presentation of the said issue, helping the Court reach a fair conclusion.
Although, the SEC would deny this and so it did. But asked for yet another extension to proceed with the filing. But what’s the reason this time?
Notably, James Filan, a famed attorney took to Twitter and revealed that the SEC had filed a motion for an extension until 7 June. Well, to file an objection to amici’s request to participate in briefing regarding theexpert challenge by Defendant.
<p lang=«en» dir=«ltr» xml:lang=«en»>#XRPCommunity #SECGov v. #Ripple #XRP The SEC has filed a motion for extension of time until June 7, 2022 to file objection to amici request to participate in briefing regarding the expert challenge. pic.twitter.com/ZCxhqv8OAW— James K. Filan
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