SEC v. Ripple: New Development Shows SEC Requests 4-Day Extension to Respond to Recent DPP Ruling

The SEC is asking for a time extension in order to file an objection to the January 13 and April 11 DPP ruling. 

Following Judge Sarah Netburn’s denial of the Securities and Exchange Commission’s motion for partial reconsideration of the Deliberative Process Privilege (DPP) of some of its internal documents, the SEC has requested an extension of time to file an objection to the recent ruling. 

#XRPCommunity #SECGov v #Ripple #XRP The SEC has filed a request for an extension of time to file its Objection to Magistrate Judge Netburn’s Ruling on the Motion for Reconsideration of the DPP Ruling. The SEC is raising new privilege assertions. pic.twitter.com/YgT0jqDqUE

— James K. Filan ????90k+ (beware of imposters) (@FilanLaw) April 15, 2022

Recall that the SEC’s motion for partial reconsideration of the January 13, 2022, DPP ruling was denied on April 11, 2022, which gave the Securities and Exchange Commission until April 25, 2022, to file an objection to the ruling. 

SEC Requests a 4-Day Extension

However, the SEC noted in its recent motion that it wishes to file an objection four days after the previous deadline of April 25, 2022, which if granted, would require the SEC’s objection to be filed by April 29, 2022. 

“The SEC intends to file a motion renewing its assertions of attorney-client privilege and seeking leave to redact certain portions of the Speech Documents on Deliberative Process Privilege grounds by April 29, 2022,” excerpts of the SEC’s request letter read. 

Since the SEC’s motion for partial reconsideration of the DPP ruling was denied by Judge Sarah Netburn, the agency will be filing an objection with Judge Analisa Torres. 

Notably, the securities agency is raising new privileged assertions to get Judge Netburn to approve its request for an extension of time to object to January 13, 2022, and April 11, 2022 Orders. 

Ripple Not Ready for Further Delays 

This is not the first time that the SEC will be requesting an extension of time to file responses to key issues in the lawsuit. 

According to several analysts following the lawsuit, the SEC’s request for a time extension is part of a plot by the agency to frustrate Ripple into negotiating a settlement in its favor. 

While the SEC wants to stall the process of the lawsuit with its incessant requests for a time extension, Ripple is looking to avoid further delays and ensure a verdict on the matter is made as soon as possible. 

Based on this, Ripple and Individual Defendants, Brad Garlinghouse and Chris Larsen are prepared to proceed to summary judgment without a ruling on the Hinman emails and documents. 

The SEC says that the defendants are prepared to proceed to summary judgment without a ruling on the Hinman emails and documents.

— James K. Filan ????90k+ (beware of imposters) (@FilanLaw) April 15, 2022

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