XRP Lawsuit: Ripple condemns latest SEC reaction to amici

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The two parties have locked horns again in the XRP Lawsuit. Ripple’s legal team has objected to the SEC’s take on the Chamber of Digital Commerce amicus briefs. Ripple condemned the SEC’s behavior about requesting the Court for additional time or pages for additional amici curiae to submit briefs. “This is yet another transparent attempt […]

the SEC’s behavior about requesting the Court for additional time or pages for additional amici curiae to submit briefs.

“This is yet another transparent attempt to further delay resolution of this case and the Court should reject it.”This time the fiasco was set off after the Chamber of Digital Commerce requested an amici status. The SEC decided not to take any “position” in this motion. However, the SEC has requested the Court to grant additional time and/or pages if more amicus briefs are allowed.

Ripple claimed the SEC should use the allocated space in its opposition and reply briefs to address arguments raised by amici. While addressing Judge Torres, Ripple also stated that the SEC should do so in the already established briefing schedule. Meanwhile, CryptoLaw founder John Deaton also opined on the matter in a recent tweet. Deaton was enraged toward the SEC and called its latest action as “pathetic and embarrassing.”John Deaton’s problems with the SEC have been a theme for much of the XRP Lawsuit.

The claim that SEC lawyers, with all their Ivy League Law Degrees and wealth of experience in securities laws, need more time to respond to the “Twitter Lawyer”, is both pathetic and embarrassing.

 

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