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.
Motion for Extension of Time granted. "The SEC may file its motion to seal no later than September 24, 2021." Text Only Order— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) September 23, 2021
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.
#XRPCommunity #SECGov v. #Ripple #XRP The SEC files a letter stating that it does not oppose Ripple's motion to seal certain portions of Ripple’s objections and responses to the SEC’s second— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) September 22, 2021
and third sets of interrogatories. pic.twitter.com/NX4bEzEjlp
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.
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Defendants’ request for documents reflecting the SEC’s trading preclearance decisions with respect to SEC employees’ transactions in bitcoin, ether, or XRP, and annual certifications concerning SEC employees’ XRP holdings is DENIED. pic.twitter.com/8vGorDaEs2— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) September 21, 2021