The ever-lasting lawsuit between the Securities and Exchange (ДИК) and the fintech firm, Бран began in December 2020. Since then, the lawsuit witnessed allegations of constant delays, the case hasn’t come close to a conclusion yet. The SEC time and again doing everything it can to delay. This time is no different as there are talks of further delays.
Whatever the outcome be, one thing is certain. XRP holders had suffered in the past, it would suffer again considering the further delay.
Stalling like a boss
The SEC, unsurprisingly, had applied for an extension on numerous occasions. On 15 April, SEC поднесена a request for an extension of time to file its objection to Magistrate Судијата Нетбурн’s Ruling on the motion for ‘reconsideration of the DPP ruling".
But this time, both the parties seem to agree with this delay in timeline. Needless to say, this decision didn’t receive the traction it had wished for amongst the XRP community.
#XRPЗаедница # СЕЦГов v. #Рипл #XRP Страните поднесуваат заедничко писмо за закажување во кое предлагаат отворање брифинг за резиме на расудување и експертски предизвици во август и затворање брифови неколку дена пред Божиќ. pic.twitter.com/DBVkl3LQXU
— Џејмс К. Филан ????90k+ (пазете се од измамници) (@FilanLaw) Април 22, 2022
Според неодамна поднесеното писмо објавена by the attorney K.ејмс К. Филан, the SEC, Ripple, and Individual Defendants, Крис Ларсен и Бред Гарлингхаус, agreed that all motions for summary judgment and to exclude experts’ testimony must be filed on or before 2 August, 2022. The expert challenges would reportedly take place in August followed by closing briefs by 20 December 2022.
Although this recently filed Joint Scheduling Order wouldn’t apply to motions to challenge the testimony of Anthony M. Bracco, who proposed available remedies in his expert report.
Overall, this delay injected surprising reactions on the crypto twitter. James Filan, in a following tweet gave his narrative. Filan suggested that the scheduled agreement was mostly a trade-off. Elaborating on why Ripple would have agreed, Filan додадени,
scheduling disputes that in my estimation would have taken up even more time and Ripple would have lost that battle if the past is any guide. Then the motion schedule would have gone well into 2023. In my opinion, this was a very smart move by Ripple in locking in this schedule.
— Џејмс К. Филан ????90k+ (пазете се од измамници) (@FilanLaw) Април 22, 2022
“To all that have been following the case thus far – thank you. Know that Ripple is pushing hard (and the Court is working hard) to resolve the case as soon as possible, despite the SEC time and again doing everything they can to delay.”
Nightmare comes to life
Спротивно на тоа, погледнете го распоредот на предметите SEC против LBRY. Тужбата е поднесена 3 месеци по тужбата на Ripple и ќе заврши 6 месеци порано.
Сè за случајот Ripple е чудно наназад. pic.twitter.com/Mr5pdSIuln
- remереми Хоган (@ attorneyjeremy1) Април 22, 2022
Source: https://ambcrypto.com/sec-vs-ripple-lawsuit-delays-expected-as-new-developments-emerge/