SEC's Request to Court in Ripple (XRP) Case Granted!

Judge Sarah Netburn accepted the United States Securities and Exchange Commission (SEC) request for an extension for the Ripple case.

The purpose of the extension request, which was submitted to the court by the plaintiff on March 21, was explained as determining whether further exploration is required.

 

New developments continue to occur in the long-awaited Ripple-SEC case. This time, judge Sarah Netburn made a decision regarding the United States Securities and Exchange Commission (SEC). Judge Sarah Netburn accepted the SEC's request for an extension for the Ripple lawsuit.

SEC's Request for Extension of Ripple Litigation Approved


As the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) continues unabated, Ripple CEO Brad Garlinghouse recently argued that the court should reject the US Securities and Exchange Commission's request for an extension. So much so that this defense of Ripple seems to have not worked. Judge Sarah Netburn upheld the SEC's request for an extension.

As it is known, the purpose of the request for extension of time, which the SEC submitted to the court on March 21, was explained as determining whether further exploration is required.

Ripple attorney general Stuart Alderoty publicly urged the SEC to commit to moving the case as quickly as possible without further delay.

As stated by former federal prosecutor James K. Filan, individual defenders must submit their answers by April 8. The SEC will have to notify the judge within a week after April 8 whether it needs to conduct additional discovery for the Ripple case.

SEC Will Have A Week After April 8

As stated by former federal prosecutor James K. Filan, individual defenders must submit their answers by April 8. The SEC will have to notify the judge within a week after April 8 whether it needs to conduct additional discovery for the Ripple case.

Earlier this month, there was a new development in the lawsuit between the SEC and XRP, and the court dismissed the SEC's objection to XRP's defense. However, Garlinghouse, in his statement a short time ago, said that he was satisfied with the latest developments in the course of the case.

The beginning of the company's legal fight with the SEC goes back to December 2020. While the course of the case has been in limbo for months, with the latest in accessing the SEC's own internal documents, the case may be approaching a verdict.

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