US Securities and Exchange Commission (SEC) defendants in the case brought by RippleBrad Garlinghouse and Chris Larsen contested the SEC’s latest filing.
Ripple and Fans See SEC’s Request for Additional Time to Appeal as an Attempt to Delay Litigation
The appeal suggested that this was another attempt by the commission to delay resolving the case.
For this reason, Ripple (XRP) expressed opposition to the SEC’s proposal in its application to Judge Torres.
Ripple fans strongly oppose the SEC’s suggestion that it would request additional time if other involved parties submit their comments.
They say this is another attempt to further delay the resolution of the case and that the Court should reject it.
The Office of Digital Commerce, one of the world’s leading blockchain trade organizations, requested permission last week to become involved in the ongoing XRP and SEC lawsuit.
In the SEC’s response to the request, it was stated that the Digital Chamber of Commerce has not taken any position to be involved, but has asked for a voice and may request more time if requests for additional involvement are allowed.
Last week, the SEC and XRP filed for summary judgment in the Southern District of New York, asking District Judge Analisa Torres to make a decision based on the arguments presented in the accompanying documents.
XRP’s legal counsel once again stated in a recent interview that the SEC is pushing the boundaries.
Besides, XRP stated that it has signed the climate treaty to protect the planet and joined more than 375 businesses that prioritize the planet.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!