• About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Monday, March 27, 2023
  • Login
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
No Result
View All Result
Home Ripple

Ripple Opposed The SEC’s Request For Extension Of Discovery Deadline

June 10, 2021
in Ripple
Reading Time: 3 mins read
0
Ripple Opposed, sec, lawsuit, discovery,
Share on FacebookShare on TwitterShare on RedditShare on Whatsapp


Ripple opposed the SEC’s request for extension of the discovery deadline and filed its opposition for a 60-day prolongation as we can see more in our latest Ripple news.

Ripple Labs’ legal representative James K. Filan, said on Twitter that the company filed an opposition to the US Securities and Exchange Commission request for a two-month discovery deadline extension. In the lawsuit against Ripple, the SEC requested to prolong the discovery phase that will delay the legal process and jeopardizes the company’s ability to continue operating in the US. The US SEC Filed an official request with Judge Analisa Torres for a fact and expert discovery deadline extension of 60 days.

#XRPCommunity #SEC_NEWS v. #Ripple #XRP Ripple files it’s opposition to the SEC’s request for a 60 day extension of the discovery deadline.https://t.co/rh761CqkNU

— James K. Filan (@FilanLaw) June 8, 2021

Ripple opposed the SEC’s request and six days later, the defense filed an objection to the discovery deadline extension request arguing that the extension of the discovery schedule will cause major prejudice to Ripple while adding that the SEC has not met its burden of showing that there’s good cause to extend the schedule. Ripple’s lawyers also pointed out to the SEC misstates the reasons for the opposition to the extending discovery while defending the opinion that the enforcement action was filed before the investigation was even completed.

The SEC’s two-and-a-half-long investigation that came before the lawsuit against Ripple gave the regulators a head start in the case but the defense said that this is not a good reason for an objection to the deadline extension request. The defense admitted that the company’s wishes to go ahead for summary judgment as soon as possible are clear because the litigation poses a threat to Ripple’s ability to continue operating in the US but also said that this is not an arbitrary preference for speed.

The deadlines were set on July 2 for a fact discovery as well as for August 16 for expert discovery. In the request for the deadline extension, the SEC claimed that it needs more time to complete the deposing witness by saying that the request to depose six additional witnesses and compel Ripple to produce more documents is pending before Judge Netburn. Ripple’s defense argued that this is not the good reason that it needed to change the discovery schedule pointing out a delay that can present a threat to Ripple’s business in the US.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]





Source link

Related articles

Ripple XRP

XRP Try To Break Consolidation At $0.4 To Conquer New Levels

January 27, 2023
XRP Transactions Skyrocket In Australian Top Exchanges

XRP Transactions Skyrocket In Australian Top Exchanges

January 20, 2023
Share2Tweet1ShareSend

Related Posts

Ripple XRP

XRP Try To Break Consolidation At $0.4 To Conquer New Levels

January 27, 2023
0

XRP bulls are trying to ride the wave along with Bitcoin to reclaim previously lost territory. The bulls are...

XRP Transactions Skyrocket In Australian Top Exchanges

XRP Transactions Skyrocket In Australian Top Exchanges

January 20, 2023
0

Ripple has reached a new milestone in Australia with its native token, XRP, recording the highest trading volumes on...

Whales Move Billions Of XRP Following Price Spike

Whales Move Billions Of XRP Following Price Spike

January 17, 2023
0

The broader cryptocurrency market has seen improvement in investor sentiment in the last weeks, and so has XRP. Even...

XRP Price Goes Upward With Increasing Whales Activity

XRP Price Goes Upward With Increasing Whale Activity

January 13, 2023
0

The crypto market is still facing a declining effect from the raging crypto winter, but  XRP is faring on...

Ripple CTO Advises Selling Flare (FLR) Tokens, Raises Serious Allegations

January 12, 2023
0

Ripple CTO David Schwartz voiced harsh criticism against the Flare Network in a series of tweets today. After more...

Load More
  • Trending
  • Comments
  • Latest
Cryptanalysis project Toon Finance Coin will bring larger returns than DOGE & SHIBA INU in 2023 | NewsBTC

Cryptanalysis project Toon Finance Coin will bring larger returns than DOGE & SHIBA INU in 2023 | NewsBTC

December 17, 2022
Crypto Academy CEO Granit Mustafa: blockchain will “redefine digital finance”

Crypto Academy CEO Granit Mustafa: blockchain will “redefine digital finance”

September 23, 2022
Crypto inflows

Exchange Inflows Ramp Up As Crypto Investors Clamor To Exit Market

June 14, 2022
Twitter Begins Massive Layoffs — Elon Musk Says 'No Choice' Citing $4M Loss per Day

Twitter Begins Mass Layoffs — Elon Musk Says ‘No Choice’ Citing $4M Loss per Day – Featured Bitcoin News

November 6, 2022
Institutional investors put $160M into crypto products

Institutional investors put $160M into crypto products

0
Floyd Mayweather – Boxing Champion Promoted an ICO

Floyd Mayweather – Boxing Champion Promoted an ICO

0
Cannabis Industry Going Crypto | CryptoPost

Cannabis Industry Going Crypto | CryptoPost

0

Why South Korea Decided To Ban ICOs?

0
Institutional investors put $160M into crypto products

Institutional investors put $160M into crypto products

March 27, 2023
Bitcoin, Ether Slump As CFTC Sues Binance And CZ Over ‘Willful’ Violation Of U.S. Laws

Bitcoin, Ether Slump As CFTC Sues Binance And CZ Over ‘Willful’ Violation Of U.S. Laws

March 27, 2023
gary gensler crypto market news

Who Is Next After Binance? SEC Alerts Crypto Investors Amid Binance Crackdown

March 27, 2023
Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis – Economics Bitcoin News

March 27, 2023

Recommended

India Having 'Detailed Discussions' With G20 Members on Crypto Regulation

India Having ‘Detailed Discussions’ With G20 Members on Crypto Regulation – Regulation Bitcoin News

February 14, 2023
Three Arrows Faces Insolvency After Major Liquidations: Report

3AC Co-Founder Is Scared About Facing Prison Time

August 28, 2022
IS INVESTING IN ROBOAPE (RBA) GIVE YOU GREATER GAINS THAN INVESTING IN STABLE CRYPTO COINS LIKE EOS (EOS) AND AXIE INFINITY (AXS)? | NewsBTC

IS INVESTING IN ROBOAPE (RBA) GIVE YOU GREATER GAINS THAN INVESTING IN STABLE CRYPTO COINS LIKE EOS (EOS) AND AXIE INFINITY (AXS)? | NewsBTC

June 2, 2022
The Reserve Bank Of Australia Will Explore Uses For CBDC

Australians Will Buy Fuel And Chips With Crypto

August 18, 2022

Recent News

Institutional investors put $160M into crypto products

Institutional investors put $160M into crypto products

March 27, 2023
Bitcoin, Ether Slump As CFTC Sues Binance And CZ Over ‘Willful’ Violation Of U.S. Laws

Bitcoin, Ether Slump As CFTC Sues Binance And CZ Over ‘Willful’ Violation Of U.S. Laws

March 27, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • ICO News
  • Litecoin
  • Market Analysis
  • Press Release
  • Regulation
  • Ripple
  • Stablecoin
  • Trading
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

CryptoReception © 2021 All rights reserved

No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading

CryptoReception © 2021 All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.