SEC Still Wasting Court Time, Accuses Ripple Lawyer

Defendants made efforts to enforce judge Netburn’s ruling over the authentication of videos that holds SEC officials’ remarks.
By Ashish Kumar
'Proud To Serve': Will XRP Price Triple If Gensler Resigns?

Ripple and the defendants in the crucial lawsuit against the US SEC claimed that the commission is seeking to restart the discovery process. However, the watchdog has filed its response to this assertion.

Advertisement
Advertisement

SEC files reply to Ripple’s request

Attorney Jame Filan informed that the SEC submitted a one line response to the court. The commission says that it takes no position on Ripple’s request to reopen fact discovery in order to serve non party subpoena.

Defendants made efforts to enforce judge Netburn’s ruling over the authentication of videos that holds SEC officials’ remarks. Filan mentioned that Ripple requested that these subpoenas seek permission to serve evidence. It is not a request to open discovery.

The letter mentioned that this appeal relates back to RFAs Ripple served before the end of fact discovery. It is needed to effectuate Judge’s order ahead.

Attorney Filan slammed the SEC’s response to the request. He wrote that this letter is an abuse of the judicial process. However, it is a waste of the court’s time.

He mentioned that the SEC waited for around five days just to file a one sentence response. In this letter, the commission even misconstructed Ripple’s original request.

Advertisement
Advertisement

Is Watchdog wasting time?

Ripple has been objecting and claiming that the SEC is using different tactics to delay the outcome of the vital lawsuit. Earlier, the commission presented different assertions over Hinman’s speech and related documents. However, Court smashed the SEC’s claims on the speech and asked to present it for in-camera review.

Filan also informed that both parties have filed a request for a briefing schedule for the motion to seal parts of their reply. This will include motions to exclude expert testimony. He mentioned that everything that will be filed will remain under the seal until Judge Torres draws conclusions on it.

Advertisement
Ashish Kumar
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]
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.