In a recent development, Ripple has filed a response to the Securities and Exchange Commission’s (SEC) motion to compel. As part of its argument, the crypto firm laid out two reasons why the court should not grant the Commission’s request.
Ripple Says SEC’s Requests Are “Untimely”
In the letter addressed to Judge Sarah Netburn, Ripple’s lawyers stated that the SEC’s requests are untimely. According to them, the Commission had “ample opportunity” to request these documents while fact discovery was open. Their failure to do so then means that they lack good cause to do so now, the lawyers claim.
Furthermore, Ripple and the Commission are said to have already argued in court on whether post-complaint discovery was proper. Interestingly, during that period, the Commission never argued that post-complaint discovery was relevant to remedies but instead was of the opinion that all post-complaint matters were irrelevant to the case. As such, Ripple’s lawyers argue now that the SEC should not be allowed to “reverse course now.”
XRP price trending at $0.54 | Source: XRPUSD On Tradingview.com
Foul Play From The SEC?
The second reason why Ripple is opp
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Author: Scott Matherson
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