There has been a new development in the #Ripple and #SEC case, and court judge Sarah Netburn has accepted the SEC's request to extend the process of investigating the documents. #Netburn gave the SEC an additional two months.
🚩The US Securities and Exchange Commission (SEC) has managed to extend the deadline to submit tens of thousands of documents spanning many years about Bitcoin, Ethereum, and XRP. The institution's request for an extension from the court was accepted by judge Sarah Netburn.
🚨Ripple did not want
Attorney James Filan, who has been following the case from the beginning to the smallest detail and providing information on his social media accounts, announced that the judge gave his approval with his document. According to the court document, the deadline for the SEC to submit thousands of documents related to Bitcoin, Ethereum and XRP requested by Ripple will be August 31st. Ripple, on the other hand, opposed the extension and demanded that the SEC file the documents by June 18, the last day.
🔥They said, "We submitted more than 20 thousand documents"
The US Securities and Exchange Commission, on the other hand, claimed that they had submitted over 20,000 documents to the Ripple company since April. As it is known, Ripple claims that XRP is not a security like Bitcoin and Ethereum, and the fact that the company has not been warned for years shows this as proof. That's why the Ripple company was requesting the SEC's internal correspondence regarding Bitcoin, Ethereum and XRP.
🔥Jeremy Hogan: Case now extended🔥
Another Ripple and XRP supporter lawyer Jeremy Hogan, who closely follows the case, also stated that this decision of the court means that the case will be extended for at least 60 days. Hogan said in his assessment:
“Discovery and research time has been extended by another 60 days. This was actually not unexpected, but the whole case has now been extended by another 60 days. So the verdict hearing could be like December/January. If there is no agreement between the parties, the case will be extended to the beginning of 2022. The SEC does not have a document or recommendation that 'do not trade with XRP'. Such a document would not exist without individual issues.”