Ripple SEC Lawsuit: Judge Unsealed 3 Documents and That Means It
The Ripple – SEC case is really at a critical juncture. After Judge Netburn granted the SEC’s motion to extend the review of the DPP, all eyes are now on the February 17 deadline.
Ripple then faces a deadline of February 25 to respond to the SEC’s request for review.
According to attorney James Filan, the deadline for the Expert Discovery process is later this month.
— James K. Filan ???????????????? (@FilanLaw) January 25, 2022
Meanwhile, in the most recent development, Judge Torres ordered the destruction of three documents, including Brad Garlinghouse’s testimony in a formal SEC investigation, Chris Larsen’s email chain, and Brad Garlinghouse’s emails.
The CryptoLaw portal of John Deaton, the attorney representing XRP holders in the lawsuit, explained that one of the documents in question are emails to Larsen and legal memos to Ripple seeking arguments for inclusion However, Garlinghouse granted removal rights to protect “potentially sensitive information” in the three documents.
Attorney John Deaton considers the judgment favorable if:
“These rulings make it clear that Judge Torres favors public disclosure. Ripple cannot seal certain documents (e.g. legal memorandum). The same applies to the SEC. “
Attorney Jeremy Hogan commented on Twitter:
“The next few months will be very exciting with all the important decisions that will be made!”
Regarding the ongoing uncertainty, Commissioner Hester Peirce said it was time for the SEC to provide a clear framework. She noted that regulators shouldn’t take the enforcement route, but should help people navigate this wild territory.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews