Ripple vs. SEC Update: Summary Judgement May not Happen on November 15
The Ripple vs SEC case is becoming more and more interesting by the day, and the agency is attempting to push the case every day. In a recent update, the SEC asked the court to extend the deadlines for filing responses to the various briefs in order to seal the summary judgment. However, the agency’s action is expected to impede its effectiveness because the summary judgment may be delayed beyond November 15.
James K. Filan recently shared the new timelines requested by the SEC for the next proceedings. According to the latest update, the SEC has requested an extension from November 11 to November 30, and the new dates are in the works.
#XRPCommunity #SECGov v. #Ripple #XRP The SEC has filed a Motion to Extend the Time to file all parties’ Reply Briefs until November 30, 2022 and asks the Court to Order that any additional Amicus Briefs be filed by November 11, 2022. Ripple consents. New dates in motion. — James K. Filan 124k (beware of imposters) (@FilanLaw) November 3, 2022
As a result of the delay in filing the response, the court may not produce the summary judgment within the time frame specified. Because so many people have joined the fight against the SEC, responding to each entity may take longer than expected. However, it was widely expected that the SEC would continue to postpone the case because it did not have any substantial evidence against Ripple.
Currently, more than 11 entities have filed amicus briefs in support of Ripple against the SEC, with many more expected to follow suit. As a result, the lawsuit is expected to be extended beyond November 15, as previously reported. As a result, the Ripple vs SEC case’s resolution may be delayed beyond 2022.Source