The United States Dollars Series Securities and Exchange Commission (SEC) sued Ripple Labs for illegal trading in December 2020, but Ripple’s legal team left the SEC confused over months of controversy and rules for cryptocurrencies. Forced with mixing agents. Those who have invested in Ripple’s XRP token have been closely following the latest developments in the Ripple case since the end of 2020. So, what developments are next?
Lawyer announces critical dates for Ripple case
The legal battle between the SEC and Ripple is in full swing. New developments are constantly taking place in the case, which has been on the agenda with countless allegations and explanations for months. Investors who follow the case closely are curious about the important dates in the process. At the beginning of September, defense attorney and former federal prosecutor James K. Filan shared key dates for the case.
According to the infographic shared by the lawyer, tomorrow, September 14, is an important date for the case. On September 14, the SEC’s public, “limitedly restated or moderately restated” letter summary will be released. Regarding privileged documents allegedly held by the SEC, the unedited documents will be delivered physically and digitally to Magistrate Sarah Netburn tomorrow.
Deadlines for the testimony of Brad Garlinghouse and Chris Larsen
Ripple’s current CEO, Brad Garlinghouse’s statement will be taken on September 14, and Chris Larsen’s on September 20, 2021. On September 28, Ripple will hand over the semidollars to the documents that the US Securities and Exchange Commission submitted to the court on September 14. Ripple defendants will present a summary of documents that the SEC allegedly kept confidential.
On November 12, 2021, the discovery process for the case will end. Cryptocoin. com, this date is an extended date. In fact, Ripple and the SEC met for the first time over a request for an extension, although both sides of the case were reluctant to have mandatory documents from the beginning. Time will tell how these developments will affect XRP.