The Ripple vs SEC case is getting more interesting day by day, and the agency is trying to push the case forward every day. In a recent update, the SEC asked the court to extend the deadlines for filing responses to the various briefs in order to seal summary judgment. However, the agency’s action is expected to hamper its effectiveness as summary judgment could be delayed beyond Nov. 15.
James K. Filan recently shared the new deadlines requested by the SEC for the next proceeding. According to the latest update, the SEC has requested an extension from Nov. 11 to Nov. 30, and new dates are in the works.
Due to the delay in filing the answer, the court may not file summary judgment within the time allowed. Because so many people have joined the fight against the SEC, responding to each entity may take longer than expected. However, the SEC was expected to continue to postpone the case as it did not have any substantial evidence against Ripple.
Currently, more than 11 entities have filed amicus briefs in support of Ripple against the SEC, and many more are expected to follow suit. As a result, the trial should be extended beyond November 15, as previously indicated. As a result, the resolution of the Ripple vs SEC case may be delayed beyond 2022.
