with the United States Securities and Exchange Commission (SEC) Ripple (XRP) There will be an important development this week in the long-running litigation.
The parties will propose a timetable for the summary decision on Friday.
However, Ripple lawyer James Filan claimed that Ripple would want to set an earlier timetable, while the SEC would play to gain time.
Filan highlighted that the SEC is constantly trying to delay transactions and has recently managed to get a deadline.
Progress in Litigation Going Slower Than Ripple Wishes
In his statement, Filan said he believes the SEC will continue its efforts to delay the litigation process.
In addition, the famous lawyer stated that it would be a surprise if the authorized institution accepted the proposal without any hindrance. However, if the parties can reach a common conclusion, it will be easier for the court to process the proceedings.
Cryptocurrency The critical case for the case has faced multiple delays so far. However, Dr. The reopening of the expert discovery of Albert Metz’s report until 13 May added to the delays in the case.
Attorney Filan also said that he thought both sides would object to each other’s report. The revised reports are expected to be part of the summary decision process.
#XRPCommunity #SECGov. v. #Ripple #XRP 1/ A SUMMARY JUDGMENT TIMELINE. I’m seeing a lot of discussion of timing projections for the filing of summary judgment motions and a decision on the motions. I thought I would weigh in because Judge Torres has a particular and very
— James K. Filan 🇺🇸🇮🇪90k+ (beware of imposters) (@FilanLaw) April 20, 2022
In addition to this, Filan said the following about the litigation process:
“I don’t think we will see a timetable for the parties to submit their defense documents in June. When we consider a more realistic time for summary resolutions, we can say that these documents will be opened in July or August.”
*Not investment advice.