• The SEC requests a one-week extension to submit Ripple lawsuit briefs for discovery decision.
• The proposed extension would change the deadlines for submitting lawsuits, submitting objections, and submitting responses.
• Ripple Labs has reportedly agreed to the extension request, however the court docket has not but dominated on the SEC's proposal.

In keeping with former U.S. Lawyer James Okay. Phelan, the SEC requested Choose Annalisa Torres of the Southern District of New York to vary the opening transient deadline from March 13, 2024 to March 22, 2024. They’ve requested that the deadline for Ripple's opposition transient be prolonged to March 22, 2024. The deadline for submission of responses will probably be prolonged from April 29, 2024 to Might 6, 2024.

The SEC has requested a one-week extension of every deadline associated to submitting briefs relating to “treatments” in its ongoing lawsuit towards Ripple Labs, Inc. This follows the latest decision of a dispute between the events relating to the scope of discovery and is having an impression. Timeline for finishing these briefs.

The SEC argues that the extension is critical for “good trigger” underneath Federal Rule of Civil Process 16(b)(4). They declare that the latest decision of discovery disputes has impacted their skill and schedule to organize briefs on time. Ripple Labs has reportedly agreed to this extension request.

The court docket has not but dominated on the SEC's request. If permitted, it could change the timeline for submitting briefs associated to potential treatments within the case. The case itself is scheduled for a jury trial to start on April 23, 2024.

XRP advocate and legal professional John Deaton has been vocal about his dissatisfaction with the Securities and Trade Fee's (SEC) insurance policies.lately submit, Deaton mentioned he doesn't assume the SEC is “silly” however simply lacks integrity. His feedback attracted consideration and sparked additional dialogue on the problem.