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

Por The Daily Hodl - hai 2 anos - Tempo de lectura: 2 minutos

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.

O avogado di os seus 205,000 seguidores en Twitter que un novo atraso no calendario xudicial solicitado pola SEC probablemente impulse o caso ata o próximo ano.

"Este calendario é o PEOR escenario exacto que o avogado Filan publicou o outro día.

o Ripple case is going into 2023.

NUNCA vin a un demandante querer atrasar tanto un caso. Só os acusados ​​(normalmente) atrasan. Por que presentar un caso e despois aprazar a xustiza que buscas?

Hogan contrastes 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.

Todo sobre o Ripple case is strangely backwards.”

James K. Filan, un avogado que segue de preto o proceso de XRP, facilitados que ambos 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.

Filan di 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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