Ripple, SEC Asks Court To Stretch Deadline

XRP Lawsuit News: US District Judge, Analisa Torres recently gave out a ruling regarding the Daubert Motions in the XRP lawsuit. However, US SEC and Defendants have filed a new motion related to the same motion. Meanwhile, crypto enthusiasts still await the date of the Summary Judgment.

Why Ripple, SEC wants to extend Deadline?

Attorney James Filan reported that Ripple and SEC have filed a joint motion asking the court to extend the time. Both parties have asked the court to stretch the deadline until January 13, 2023 to file the Daubert Motions.

It also includes submitting the accompanying exhibits on the public docket with redactions that were compatible with the court’s December 19, 2022 sealing order in the XRP lawsuit.

Ripple and SEC mentioned that this request came to light due to the upcoming holidays and some attorneys’ schedules. They further added that the complexity and number of redactions requested by the parties and third parties fall on this list.

Coingape reported that the District Judge partially granted the SEC’s motion while she accepted Ripple, MoneyGram, and third party motions straightly. However, the court has ordered the termination of the pending motions.

It added that the court rejected the SEC’s request to redact the names and details of the consulting firms supporting their expert witnesses.

Are whales on XRP buying spree?

As the XRP lawsuit is moving ahead several crypto whales are aggressively accumulating the XRP token in anticipation of Ripple getting an edge. The report states that sharks and whales have gone on an XRP buying spree in December. The addresses that hold 1 million to 10 million XRP went on to touch the ATH.

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