There are new developments in the case of Ripple and SEC, one of the most intricate cases in the crypto money market. CryptoLaw founder John Deaton made important statements regarding the case.
Attention Monday from the SEC and Ripple case!
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) is currently ongoing. CryptoLaw founder John E. Deaton says hundreds of submitted documents are on file, along with answers. He also notes that it now leaves the question of exactly when or how much of it to be sealed. In this context, Deaton shared the following regarding the case on his Twitter account:
I want to thank my team at CryptoLawUS publicly. There are 440 submitted documents filed under seal. Most of these 440 documents consist of multiple pages. In fact, some documents may have hundreds of pages. Much will be revealed by Monday. These applications will likely outnumber the last.
https://twitter.com/JohnEDeaton1/status/1582875916627152896
As you follow on Kriptokoin.com, Ripple and the individual defendants filed a memorandum of law in response to the US Securities and Exchange Commission’s summary judgment motion. According to the CryptoLaw founder, there are currently 440 submitted documents sealed. Also, John E. Deaton noted that many things will be made public by Monday, as these applications will likely outnumber the last.
Meanwhile, October 24 remains an important date as parties are expected to present publicly edited versions of their opposition briefs. Deaton said the public will likely see it on Monday, October 24. He made the following statement in this regard:
It is possible for the public to read only a limited number of edited versions of the parties. Unfortunately, the public does not like 56.1 statements, counter-declarations, exposures, minutes of testimony, etc. won’t be able to see. He won’t be able to read them until the end of December or January.
Other important dates in critical litigation
The parties will submit their summary resolution responses in a provisionally sealed form on 15 November. Then, on November 17, the parties will meet. They will also meet to identify corrections sought by both parties in their response summaries.
November 21 is another big date as the parties submit publicly edited versions of their response summaries. On December 9, the parties are expected to submit a collective motion to seal all material related to summary resolutions. Then, on 22 December, the parties will object to the collective sealing motion. Ripple CEO Brad Garlinghouse recently said that he expects a resolution of the case in the first half of 2023.
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