Ripple and XRP Lawsuit Face ‘Worst-Case Scenario’ As SEC Moves to Delay Case: Crypto Legal Expert

Deur The Daily Hodl - 2 jaar gelede - Leestyd: 2 minute

Ripple and XRP Lawsuit Face ‘Worst-Case Scenario’ As SEC Moves to Delay Case: Crypto Legal Expert

Attorney and crypto legal expert Jeremy Hogan says that the lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may have entered into its worst-case scenario.

Die prokureur vertel sy 205,000 XNUMX Twitter-volgelinge dat 'n nuwe vertraging in die hofskedule wat deur die SEC versoek is, waarskynlik die saak tot ver in volgende jaar sal stoot.

“Hierdie skedule is die presiese WEGSTE-geval scenario wat prokureur Filan nou die dag geplaas het.

Die Ripple case is going into 2023.

Ek het nog NOOIT gesien hoe 'n eiser 'n saak so wil uitstel nie. Slegs verweerders vertraag (gewoonlik). Hoekom ’n saak bring en dan die geregtigheid wat jy soek uitstel?”

Hogan kontraste the SEC’s lawsuit against Ripple to its suit against decentralized video-hosting platform LBRY, noting the discrepancy between when they were filed and when they are slated to finish.

“In contrast, look at the SEC v. LBRY case schedule. The lawsuit was filed three months after the Ripple lawsuit and will finish six months sooner.

Alles oor die Ripple case is strangely backwards.”

James K. Filan, 'n prokureur wat die XRP-pak noukeurig dophou, geopenbaar dat albei Ripple and the SEC filed jointly to push back opening briefs for summary judgment and expert challenges to August and closing briefs to a few days before Christmas.

Bla that agreeing to the delay may have been a smart move by Ripple Labs to finally lock in a deadline.

“Many people are questioning why Ripple agreed to this schedule. My gut feeling is that there was a trade-off. A longer briefing schedule but the elimination of the pre-motion Rule 56 practice. If Ripple didn’t agree, there would be more scheduling disputes that in my estimation would have taken up even more time and Ripple would have lost that battle if the past is any guide. Then the motion schedule would have gone well into 2023. In my opinion, this was a very smart move by Ripple in locking in this schedule.”

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