XRP tying up investors Ripple There was another development in the case. U.S. Securities and Exchange Commission (SEC), He could exceed the time given to deliver important documents and thus gained additional time for himself.
The Date Expected by XRP Investors Has Been Slightly Delayed
Ripple had a great victory recently. Judge Sarah Netburn said on January 13 that the SEC specifically Ethereum announced that he had decided to deliver the in-house speeches he made about
This would reveal what motivation the SEC, which thought XRP was a security but not ETH, was actually doing it.
Ripple has been waiting for this victory for a long time and it has finally come. The SEC, on the other hand, will be able to hold the relevant documents until February 17, thanks to its decision on Monday, and the deadline has been set as February 17.
The SEC achieved this victory by expressing that the relevant documents could not be prepared in such a short time, despite an unfavorable result in the first decision.
one of the SEC’s directors in 2018 William Hinman He emphasized that Ethereum is not strictly a security.
What is interesting here is that Hinman was later found to receive funds from Ethereum-related institutions. The Ripple team is currently trying to prove that XRP has the same features. If the Ripple front can win here, the course of the case will change drastically.