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Determining the deadline for the case of “Ripple” and the US Securities Commission

Determining the deadline for the case of “Ripple” and the US Securities Commission

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Answer Determining the deadline for the case of “Ripple” and the US Securities Commission

Judge Analisa Torres of the Southern District Court of New York has set the deadline for the case of Ripple and the US Securities and Exchange Commission, December 15.

In late March, the court asked the parties to agree to the timetable for submissions for summary judgments, and the parties submitted a joint proposed timetable for court approval on April 29.

As reported by YouToday, Torres has reviewed the two parties’ letter, and has ordered that all suggestions to completely exclude expert testimony be briefed by the end of August.

The scheduling order will not apply to any proposals intended to prevent the testimony of financial expert Anthony M. Bracco.

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According to the revised deadline by the judge, a full summary of summary judgment proposals must be submitted before November 15, a month before the deadline originally proposed.

The Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in December 2020, accusing Ripple, one of the largest crypto companies, of selling unregistered securities.

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It is noteworthy that Ripple was operating as if it had already lost, as 95% of its business now takes place outside the United States.

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