时间:2024-02-28|浏览:282
用戶喜愛的交易所
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In the letter, Jorge G. Tenreiro, on behalf of the SEC, stated, “None of the parties has previously requested an extension of the remedies-related briefing schedule. Ripple consents to the SEC’s request.” This consensus between the parties underscores the collaborative aspect of navigating the procedural complexities of the case.
The SEC justified its request by referring to a recent dispute over discovery’s scope, resolved only by February 5, 2024. As Bitcoinist reported, Ripple was ordered on this day to share financial statements to assess if post-lawsuit institutional XRP sales breached securities laws.
The SEC argues that this delay necessitates a one-week extension of the remedies-related discovery period. “Notwithstanding these efforts, a dispute between the parties as to the proper scope of discovery was not resolved until February 5, 2024,” Tenreiro explained, emphasizing the unforeseen delay’s impact on the briefing schedule.
Moreover, Tenreiro highlighted the SEC’s diligence and the mutual agreement between the parties as key factors supporting the request for extension, arguing that it allows for a more thorough review of the recently produced documents and the finalization of the briefing.
“The SEC has been diligent in completing remedies-related discovery and briefing,” he noted, adding that “Ripple, who consents to the SEC’s request, would not be unfairly prejudiced by the SEC having nine additional days to file its opening brief.”
The SEC’s letter also clarifies that the trial’s imminence does not influence the request, given the absence of a pending trial in the remaining proceedings. This detail points to the procedural nature of the extension request, rather than any substantive delay in the resolution of the case itself.
In the XRP lawsuit, the “remedies” phase refers to potential actions or penalties imposed by the SEC as a consequence of alleged illegal activities by Ripple, particularly concerning the unregistered sale of XRP.
John Deaton, a pro-XRP lawyer, predicts that Ripple’s fine could be lower than its legal fees, potentially ranging from $10 million to $100 million. This stems from allegations that Ripple violated securities laws by selling $770 million worth of XRP.
At press time, XRP traded at $0.5795.