SEC Seeks More Time To Reply; Ripple Responds

SEC Seeks More Time To Reply; Ripple Responds

The U.S. Securities and Exchange Commission (SEC) has been called out for dragging the XRP lawsuit by using different tactics multiple times. In the latest XRP news, the Ripple Counsel has again slammed the SEC for asking for extra time in submitting replies.

SEC still applying delay tactics

Attorney James Deaton informed that the SEC has filed a motion to extend the time to file all parties’ reply briefs. The Commission has asked the court to grant them time until November 30, 2022. However, it has asked the court to order that any additional Amicus Briefs be filed by November 11, 2022.

The SEC has again tried to extend the filing time in order to extend the rulings of the Summary Judgement in the XRP lawsuit.

Earlier, Coingape in a report mentioned that XRP holders’ lawyer expects the SEC can ask for a few additional days from the court. It can add extra pages in the reply to all the Amici Briefs.

Stuart Alderoty, Ripple’s counsel has commented on this matter. He stated that around a dozen of independent voices including developers, exchanges, and retail holders are filing in the SEC vs Ripple case.

These independent voices are trying to explain how dangerously wrong the SEC is. However, the commission needs more time to reply, he added. However, the Ripple counsel suggested that the SEC don’t want to listen or engage with the reply but just wants to blindly bulldoze them.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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