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SEC achieves extension of deadline for filing petition in Ripple case

The US Securities and Exchange Commission (SEC) has achieved an extension of the deadline for filing a motion to seal documents. According to lawyer James Filan, the court gave the regulator an adjournment until September 24 inclusive.

According to the SEC's request, the documents relate to the dispute over the regulator's Interrogatory Responses regarding the application of the Howey Test to sales of XRP over the last 8 years

On September 21, the Commission notified the court that it “did not object” to Ripple's motion to seal documents relating to the company's representatives' answers to certain questions from the regulator.

Earlier, Judge Sarah Netburn rejected Ripple's petition to disclose information about SEC employees' transactions with BTC, ETH and XRP. She noted that after the issuance of an official investigation order against the company on March 9, 2019, regulator employees could no longer trade XRP.

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