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.
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