Many in the XRP community thought that the lawsuit between the SEC and Ripple Labs would make great progress in 2022. More specifically, there was supposed to be a news feed from the courtroom, with expert reports expected to expire on January 19.
However, a joint letter by the SEC and Ripple means there may be another delay in the case.
COVID-19 is showing its effect again!
The joint filing shared by former federal prosecutor James K. Filan stated:
“… Due to the sudden increase in COVID infections, particularly in New York City, related travel difficulties and unexpected personal problems of some experts, the parties request that the remaining expert statements be postponed to February.”
The date given by the SEC and Ripple is February 28, 2022.
After the said development, many disappointed or angry people in the XRP community struggled to hide their feelings. Some even expressed anger at Ripple for accepting the terms. However, Filan asked the community to calm down and reminded them that COVID-19 may have affected major participants on both sides of the case:
“Throughout this case, the legal team has never let us down or backed out from any really important battle. This (litigation) will take time, we need to be patient and not go against each other or the Ripple team. The SEC would like to see us be hostile towards each other. Don’t give them that.”
Also, according to Filan, if Ripple objected to a COVID-19-related extension request by the SEC, it would have made a bad impression.
In contrast, XRP investors probably think they have a lot of reasons to be upset. Many holders of the asset were frustrated that XRP was delisted on major exchanges. And they believe the asset’s price performance is relevant to the case. All toluluk members are eagerly awaiting the end of the case.