SEC-Ripple: It's Not Time To Breathe In Relief - Kakiforex.com - Financial Market Media No. 1 in the World SEC-Ripple: It's Not Time To Breathe In Relief SEC-Ripple: It's Not Time To Breathe In Relief

June 21, 2021

SEC-Ripple: It's Not Time To Breathe In Relief

 It remains an endpoint puzzle for issues arising between the Securities and Exchange Commission (SEC) and Ripple Labs.


The latest cryptocurrency expert, also a supporter of Ripple, Jeremy Hogan has revealed that a solution for both parties will happen soon.


Clearly, the final word will be reached after the discovery phase (discovery phase) or better known as the pre-trial phase which involves evidence and relevant information from both parties.


The discovery phase is expected to end after October 16th. Even if the discovery phase fails to find an answer, Judge Torres is responsible for making a summary judgment.



However a summary of the results must be filed within 30 days after the completion of the discovery phase. This will prompt both parties to submit a summary motion of judgment within the period which is dated 16 November.


Hogan also expects that if the case is not resolved due to recurrence throughout the decision summary period, perhaps it will be extended beyond November or at the latest until 2022.


In the latest development, Judge Sarah Netburn has dismissed the SEC’s application to obtain documents proving Ripple’s efforts to lobby the public.


When this article was published, XRP was trading at $ 0.73, recording a decline of over 3% in 24 hours.