Ripple and SEC Collectively Ask Court to Set Key Date as XRP Lawsuit Enters Critical Phase

Ripple and SEC Collectively Ask Court to Set Key Date as XRP Lawsuit Enters Critical Phase

In the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, both parties jointly requested a deadline for sealing information in the case. U.S. District Judge Analisa Torres is being asked to give non-partisans until January 4, 2023, to file seal arguments before the summary judgment verdict, according to a request from attorneys that cryptography expert James K.Filan posted on Twitter. “Given the parties’ desire to obtain an expedited resolution of all issues relating to the sealing of the summary judgment materials, the parties respectfully request that the Court establish January 4, 2023, as the deadline by which all non-parties co-operate.” continue sealing portions of the summary of the sentencing material or waive any objection to the court’s final decision. Decide on the sealing requests of the contracting parties; and January 18, 2023, when any party or non-party may object to a non-party sealing motion.

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Both parties, in this case, have until December 22 to submit their sealing requests. The SEC first sued Ripple in late 2020, arguing that the payments company had sold the crypto asset XRP as an unregistered security. Filan previously said he expects the judge to simultaneously decide on what is sealed in the case as his summary judgment, not beforehand. 

 By former SEC Treasury Director William Hinman, including drafts and internal emails. Ripple scored a legal victory when the judge ruled the SEC must hand them over.

In the 2018 speech, Hinman claimed that Ethereum (ETH) is not a security. Several high-profile voices in the crypto industry have submitted Amicus briefs in support of Ripple, including major US exchange Coinbase.

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