Crypto News
The Latest Court Ruling In The Ripple Case Gives The SEC Another Shock.
This week, the fight against Ripple got more interesting, and the American watchdog SEC took a hit.
With several losses in a row, the SEC has good reason to be worried right now. In their most recent fight, Judge Netburn agreed with Ripple’s request to verify the public statements made by SEC officials.
At first, the SEC didn’t agree with this motion. They said that Ripple was trying to reopen fact discovery.
The crypto community is still interested in the SEC vs. Ripple case even though it has been going on for another month.
The case has been going on for a long time and doesn’t look like it will end any time soon.
The SEC had put a condition in the above motion, which was filed on August 4, if Ripple were to go through with the motion.
“The Defendants agree to reopen discovery” was a condition of the agreement.
This could make it possible for the SEC to send its own subpoenas to get copies of recordings that haven’t been named yet.
James Filan, a well-known lawyer, keeps writing about this case on his blog. He has been very angry about how the SEC has handled the situation. In this case, he pointed out,
“The SEC’s response is just an abuse of the court system and a waste of the Court’s time, as shown by the fact that it took the SEC five days to file a one-sentence response in which it misunderstood Ripple’s original request.”
The behavior of the SEC has also been called into question recently by the crypto community.
One fan with the Twitter handle Ashley PROSPER said, “The case could be thrown out if the SEC acts badly.”
Don’t forget that judge Netburn has already called the SEC’s actions “bad faith” and “unfaithful allegiance to the law.”
This week, the fight against Ripple got more interesting, and the American watchdog SEC took a hit.
With several losses in a row, the SEC has good reason to be worried right now. In their most recent fight, Judge Netburn agreed with Ripple’s request to verify the public statements made by SEC officials.
At first, the SEC didn’t agree with this motion. They said that Ripple was trying to reopen fact discovery.
The crypto community is still interested in the SEC vs. Ripple case even though it has been going on for another month.
The case has been going on for a long time and doesn’t look like it will end any time soon.
The SEC had put a condition in the above motion, which was filed on August 4, if Ripple were to go through with the motion.
“The Defendants agree to reopen discovery” was a condition of the agreement.
This could make it possible for the SEC to send its own subpoenas to get copies of recordings that haven’t been named yet.
James Filan, a well-known lawyer, keeps writing about this case on his blog. He has been very angry about how the SEC has handled the situation. In this case, he pointed out,
“The SEC’s response is just an abuse of the court system and a waste of the Court’s time, as shown by the fact that it took the SEC five days to file a one-sentence response in which it misunderstood Ripple’s original request.”
The behavior of the SEC has also been called into question recently by the crypto community.
One fan with the Twitter handle Ashley PROSPER said, “The case could be thrown out if the SEC acts badly.”
Don’t forget that judge Netburn has already called the SEC’s actions “bad faith” and “unfaithful allegiance to the law.”
At the same time, it has been said that both sides are responding to the motions to exclude expert testimony.
Right now, these answers are under wraps. But the crypto community is still interested in what will happen next in this legal battle that seems to never end.
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