SEC vs Ripple lawsuit: Delays expected as new developments emerge
The ever-lasting lawsuit between the Securities and Exchange (SEC) and the fintech firm, Ripple began in December 2020. Since then, the lawsuit witnessed allegations of constant delays, the case hasn’t come close to a conclusion yet. The SEC time and again doing everything it can to delay. This time is no different as there are talks of further delays.
Whatever the outcome be, one thing is certain.XRP holders had suffered in the past, it would suffer again considering the further delay.
The SEC, unsurprisingly, had applied for an extension on numerous occasions. On 15 April, SEC filed a request for an extension of time to file its objection to Magistrate Judge Netburn’s Ruling on the motion for ‘reconsideration of the DPP ruling‘.
But this time, both the parties seem to agree with this delay in timeline. Needless to say, this decision didn’t receive the traction it had wished for amongst the XRP community.
<p lang=«en» dir=«ltr» xml:lang=«en»>#XRPCommunity #SECGov v. #Ripple #XRP Parties file joint scheduling letter proposing opening briefs for summary judgment and expert challenges in August and closing briefs a few days before Christmas. pic.twitter.com/DBVkl3LQXU— James K. Filan
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