SEC Seeks More Time To Reply; Ripple Responds

The U.S. Securities and Exchange Commission (SEC) has been called out for dragging the XRP lawsuit by using different tactics multiple times. In the latest XRP news, the Ripple Counsel has again slammed the SEC for asking for extra time in submitting replies.

Is SEC still applying delay tactics?

Attorney James Deaton informed that the SEC has filed a motion to extend the time to file all parties’ reply briefs. The Commission has asked the court to grant them time until November 30, 2022. However, it has asked the court to order that any additional Amicus Briefs be filed by November 11, 2022.

The SEC has again tried to extend the filing time in order to extend the rulings of the Summary Judgement in the XRP lawsuit.

Earlier, Coingape in a report mentioned that XRP holders’ lawyer expects the SEC can ask for a few additional days from the court. It can add extra pages in the reply to all the Amici Briefs.

Stuart Alderoty, Ripple’s counsel has commented on this matter. He stated that around a dozen of independent voices including developers, exchanges, and retail holders are filing in the SEC vs Ripple case.

US watchdog trying to ignore Amicus in case?

These independent voices are trying to explain how dangerously wrong the SEC is. However, the commission needs more time to reply, he added. However, the Ripple counsel suggested that the SEC don’t want to listen or engage with the reply but just wants to blindly bulldoze them.

John Deaton, the XPR holder’s lawyer has stated that the reply briefs are due on November 15. These will be submitted under the seal while redacted public versions will be out by November 21.

Coingape reported that SEC vs Ripple can see a new entry in the case. The Veri DAO filed a request to submit an amicus brief.

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