SEC Requests Reply Extension; Ripple XRP Lawyer Responds

  • Recent XRP news indicates that the SEC's request for further time in the Ripple litigation has been criticised by the Ripple Counsel.

  • According to lawyer James Deaton, the SEC has filed a motion to extend the deadline for submitting reply briefs from all parties. The Commission is asking the court to grant an extension until November 30, 2022.

05 Nov 2022 By: Ashish Sarswat
SEC Requests Reply E

According to recent XRP news, the Ripple Counsel 

Has criticised the SEC for requesting more time in the Ripple litigation.

The U.S. Securities and Exchange Commission (SEC) has come under fire for repeatedly utilising different strategies to drag out the XRP litigation. In the most recent XRP news, the Ripple Counsel has once more criticized the SEC for requesting more time to give responses.

Is the SEC still using delay strategies?

The SEC has submitted a move to extend the deadline for submitting reply briefs from all parties, according to attorney James Deaton. The Commission is requesting an extension through November 30, 2022 from the court. The court has been urged by the organisation to mandate that any further amicus briefs be submitted by November 11, 2022.

In an effort to extend the rulings of the Summary Judgement in the XRP lawsuit, the SEC has once more attempted to extend the filing deadline.

In a previous post, CoinGabbar indicated that the SEC's attorney anticipates the SEC will petition the court for a few more days. It may add additional pages to the response to each Amici Brief.

The lawyer for Ripple, Stuart Alderoty, made a statement regarding this. He said that in the SEC vs. Ripple case, about a dozen independent voices, including developers, exchanges, and retail holders, are submitting.

Trying to overlook Amicus in case, the US watchdog

These unbiased voices are attempting to illuminate how dangerously mistaken the SEC is. He continued, "But the commission needs more time to respond." The Ripple counsel asserted that the SEC simply wants to bulldoze them without listening or engaging with their response.

The deadline for the reply papers is November 15, according to John Deaton, the XPR holder's attorney. These will be filed under seal, and by November 21 the public copies with redactions will be available.

According to CoinGabbar, the SEC vs. Ripple case has a fresh filing. A request to submit an amicus brief was made by the Veri DAO.