Claim $500XRP Lawsuit: Court Grants SEC Motion To Extend Time To File Reply Briefs
XRP SEC Lawsuit News: The U.S. SEC got its motion granted for additional time to file reply briefs in the Ripple (XRP) lawsuit. The United States District Judge granted the SEC’s motion to extend time for all parties to file reply briefs. The U.S. Securities and Exchange Commission had earlier requested the court to modify orders for filing replies to parties’ motions for summary judgement. The SEC also sought extension of time for filing motions to seal the summary judgement materials.
Earlier, attorney James Deaton informed the SEC filed a motion to extend the time to file all parties’ reply briefs. Recently, Veri DAO filed a request to submit an amicus brief in the SEC Vs Ripple case. Members of Veri DAO had the unique experience of facing an SEC lawsuit in 2019. Earlier, Cryptillian Payment Systems, an online digital wallet service, asked for the court to file amicus brief in the XRP lawsuit.
New Deadlines To File Reply Briefs & Amicus Briefs
The SEC requested that the date for parties to file their sealed replies to be extended to November 30. Also, it asked for the deadline for filing additional amicus motions to be set for November 11. The court has accordingly accepted the SEC’s request and extended the time for filing the replies. As per details shared by defense lawyer James Filan,
“Reply Briefs are now due November 30, 2022 and the deadline for filing Amicus Briefs is November 11, 2022.”
Timeline For Ruling in XRP Lawsuit
Earlier, the XRP community was expecting that a ruling on the SEC’s and Ripple’s motions for summary judgment would be passed by November 18. Now that the reply briefs submission date has been extended to November 30, it remains to be seen how it unfolds. As of writing, XRP price stands at $0.4937, up 7.97% in the last 24 hours, according to price tracking platform CoinMarketCap.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal 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.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trust Wallet Hack Claims Portal Launches After $7M Chrome Extension Breach
- Tom Lee Sees Ethereum at $7K–$9K by 2026 as BitMine Stakes $1B ETH in Just 2 Days
- ECOS Review: Hosted and Managed ASIC Mining Service Provider
- Peter Schiff Warns Bitcoin Could Mirror Silver’s Rise In Reverse
- Trump Declares Tariffs Creating “Great Wealth” as Fed Rate Cut Odds Collapse to 14%
- Bitcoin Price Year-End Prediction: Analysts Highlight Key Levels Before 2025 Close
- Pi Network Price Holds $0.20 After 8.7M PI Unlock, 19M KYC Milestone-What’s Next?
- XRP Price Prediction Ahead of US Strategic Crypto Reserve
- Ethereum Price Prediction Ahead of the 2026 Glamsterdam Scaling Upgrade – Is $5,000 Back in Play?
- Cardano Price Eyes a 40% Surge as Key DeFi Metrics Soar After Midnight Token Launch
- FUNToken Price Surges After MEXC Lists $FUN/USDC Pair
