The U.S. Securities and Exchange Commission (SEC) has decided to extend the case so they can continue their investigations and respond to individual witnesses on the Ripple side, Brad Garlinghouse and Chris Larsen..
SEC unregistered via Ripple Labs’ XRP token Claims to have made $1.3 billion. In the case that has been going on since December 2020 legal disputes As the SEC continues, XRP is not a security and cannot be used as an international payment. says.
Some commentators suggest that the SEC slowed the litigation so as not to disappoint Ripple Labs.
Defendants for adjourned case Brad Garlinghouse and Chris Larsen, To respond to the SEC’s complaints While they have until April 8 The SEC gave the defendants in response to the answer in order to give 1 week has duration.
The XRP community is highly reactive to the decision to extend the lawsuit. Some lashed out at the SEC as “trying to buy time on an already lost case.” he showed. Some continue to prolong the case. Positive for XRP in the long run Said it could be.
As noted by Coin Bulletin on Jan. 13, Stuart Alderoty, Ripple’s legal adviser, has filed a complaint with the US Securities and Exchange Commission (SEC). their “delay” regarding the long-running litigation He had reacted with the thought.
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