Ripple vs. SEC Lawsuit: Key Updates and Next Steps
Ripple vs. SEC Lawsuit: Key Updates and Next Steps
The Ripple vs. U.S. Securities and Exchange Commission (SEC) lawsuit has entered a critical phase, with defense attorney James Filan providing updates on the proceedings. Filan outlined the next steps in the case, which is being closely watched by the XRP community and the broader crypto market.
Upcoming Filing Deadlines
- September 19, 2022: Parties will file redacted versions of briefs supporting the Motions for Summary Judgment. However, Declarations, Exhibits, and Rule 56.1 Statements will remain under seal until further notice.
- October 18, 2022: Opposition materials to the Motions for Summary Judgment will be filed. These documents are currently under seal.
- December 19, 2022: The filing of the Omnibus Briefing is expected, addressing sealing issues related to the case.
Chamber of Digital Commerce Intervenes
The Chamber of Digital Commerce (CDC), a prominent crypto advocacy group, has filed an amicus brief in the case. While the CDC does not take a stance on whether XRP sales constitute securities transactions, it provides legal precedent for the initial offering of digital assets.
Potential Impact of Daubert Motions
Filan noted that rulings on pending Daubert sealing motions could influence the case's timeline. These motions overlap with Summary Judgment sealing issues and may affect the overall schedule.
Conclusion
The Ripple vs. SEC lawsuit continues to progress with key filing deadlines and the involvement of the Chamber of Digital Commerce. Stay tuned for further updates as the case unfolds.
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