Former SEC Commissioner Elad Roisman is considered a cryptospace ally to the SEC’s current enforcement policy, and notes from the meeting with Brad Garlinghouse may indicate the extent of the fighting at the SEC.
The Securities and Exchange Commission has filed a motion requesting yet another extension. This is the SEC’s deadline to submit a response to a recently reported allegation to force the creation of a lawyer memo at a meeting between Ripple CEO Brad Garlinghouse and the former SEC Commission. Elad Roisman was known to oppose regulatory practices from the enforcement of the SEC in cryptospace.
The above allegations of coercion, filed by Brad Garlinghouse but affecting all defendants, put further pressure on the SEC as it stated that it was unaware of the existence of the memo.
Former SEC Commissioner Elad Roisman is considered a cryptospace ally to the SEC’s current enforcement policy, and notes from the meeting with Brad Garlinghouse may indicate the extent of the fighting at the SEC. Click here for details of the story.
Mark R of SEC. Sylvester has requested an extension of the deadline of two weeks from the filing date of February 24, 2022.
“The Garlinghouse chose to file a motion around 8:50 pm on February 10, 2022, the night before the SEC took testimony of the two defendants’ experts, but nevertheless. We oppose any extension of more than one week after submission.
“The SEC submits that the two-week response time is appropriate in light of the busy and ongoing expert testimony and briefing schedules. The two testimonials that the SEC is doing today. In addition, the parties plan to take testimony records of three experts next week on February 15, 16 and 18, two of which will be accompanied by a trip to Austin, Texas, and the SEC will be partial. Submit a petition for review. February 17, 2022. “
The SEC also warrants that the extension will not affect other proceedings deadlines in this matter, and Garlinghouse is entitled to an additional discovery period if Judge Torres rejects the motion to dismiss.
“Even the first fact-finding period has not been completed because the defendant has not yet completed the preparation of the response document in accordance with the court’s November 8, 2021 order,” the SEC said. The same is true for the lack of creation of.
“Finally, the SEC’s motion to address the application of deliberative process privileges to internal SEC communications, such as the Garlinghouse’s motion, will not be fully explained until February 25, 2022. . “
The SEC has been criticized for dragging the proceedings more than necessary. Lawyer Jeremy Hogan recently shared suspicions that the SEC’s delayed tactics may be pressure on Ripple or that there may be “something really bad” against the SEC in documents that authorities have refused to produce. Did. Click here for details of the story.
