The court accepted the SEC’s request to extend the discovery date until October, despite alleging that it would cause “enormous bias” against Ripple’s business.
The US Securities and Exchange Commission’s (SEC) request for a 60-day extension of the discovery period in the Ripple case was accepted by Magistrate Sarah Netburn. The deadline for quick discovery will be extended to August 31. The expert discovery will last until October 15.
As previously reported, the SEC requested an extension from the judge earlier this month to address remaining exploration issues “fairly and efficiently.” Ripple vehemently opposed the request, claiming that delaying litigation would pose an “existential threat” to its US business. It was stated that this will hurt, as there are exchanges in the USA that remove XRP or suspend trading:
“For ODL to work efficiently, it is very important that there is a liquid market for XRP in both sending and receiving countries. But the suspension of this lawsuit has significantly damaged the XRP markets in the United States and abroad. ”
Ripple also argued that the SEC could not give a good reason to justify its discovery extension.
Ripple Can Get Documents From Exchanges Abroad
In addition, the court accepted the defendants’ requests for international discovery. Ripple is seeking documents from a number of international exchanges, including Bitstamp and OKEx, to prove that its alleged illegal sales took place outside of the US.
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