According to the letter, this is just another attempt by the commission to put off waiting for the outcome of this matter.
Ripple does not take a stance on the new Amici Curiae.
The defendants have objected to the SEC's proposals that it seek more time if new Amici Curiae file briefs in the Ripple litigation, according to attorney James Filan. This response relates to the letter that the Chamber of Digital Commerce issued in an effort to engage in a legal dispute.
Ripple and the other defendants are said to have taken no positions on the other Amici Curiae motion, according to the letter. The SEC's request for more time to prepare its opposition, however, is unacceptable. It is another blatant attempt to delay case resolution. The court ought to dismiss it.
According to an earlier post from CoinGabbar, the SEC has opted not to take a position on the latest development in the ongoing case. In the event that it is granted, extra time will be requested.
SEC attempting to expand its regulatory reach
The defendants in the Ripple case criticized the SEC, claiming that its overbroad premise raises concerns about an unwarranted extension of its regulatory jurisdiction. It continued by saying that the desire of multiple Amici Curiae to submit papers in this matter is not surprising.
It further stated that even before the court established the summary judgment schedule, this was quite obvious. However, this intention was clear before the parties requested page restrictions for their briefs.
The court often does not provide parties additional pages to address points presented by some Amici, according to the Ripple defendants. Even in cases with significant Amicus interest, this is not done. In its response, it did, however, mention that the SEC is free to use the allotted area.
Finally, Ripple requested that the court reject the SEC's motion.
