In response to this week’s events, the SEC has filed another extension request.
The SEC is seeking more time to challenge the judgment of an unfavorable judge
On Friday, defense counsel James Philan went to Twitter again to share the SEC’s latest extension request.
Philan tweeted,
“The SEC has filed a request for an extension to challenge Judge Netburn’s decision on a motion to review the DPP decision. The SEC has filed a new privileged assertion.”
#XRPCommunity #SECGov v # Ripple #XRP The SEC has filed a request for an extension of time to challenge Judge Netburn’s decision on a motion to review the DPP decision. The SEC is proposing a new privileged assertion. pic.twitter.com/YgT0jqDqUE
— James K. Filan ???? 90k + (Beware of scammers) (@ FilanLaw) April 15, 2022
Philan tweeted further,
“The SEC states that the defendants are ready to proceed to summary judgment without arbitrating Hinman’s emails and documents.”
Hinman emails and documents are a concern for the SEC, and the latest extension request shows how important it is for the SEC to exclude some or all of its content from court.
The SEC has requested an extension of the deadline for appealing to Judge Netburn Opinion Orders dated 13 January 2022 and 11 April 2022. This is the second extension request for the January 13 Opinion Order.
On April 11, Judge Sarah Netburn dismissed a motion calling on the court to review the rulings associated with the famous 2018 Hinman speech. Mr Hinman said Bitcoin (BTC) and Ethereum (ETH) are not securities.
On Friday, Philan also shared a letter filed with the SEC stating that the SEC did not seek additional discoveries.
#XRPCommunity #SECGov v. # Ripple #XRP The SEC has filed a letter stating that it is not seeking additional discoveries at this time, but both parties reserve the right to make discoveries, if necessary, limited to dismantling issues after liability has been determined. To do. pic.twitter.com/YQHIbTJQHS
— James K. Filan ???? 90k + (Beware of scammers) (@ FilanLaw) April 15, 2022
For XRP, the extension request may not be surprising, but it prolongs the legal process. This allows you to test XRP support in the short term.
