SEC Granted Deadline Extension in Ripple Case

SEC Granted Deadline Extension in Ripple Case



The U.S. Securities and Exchange Commission (SEC) has been granted additional time to submit important legal documents in its ongoing case against Ripple Labs, as approved by Judge Analisa Torres. The extension allows the SEC to file its initial brief by March 22, with Ripple's counterarguments due by April 22, and the SEC's response to those arguments set for May 6, 2024.



This development pertains to the submission of remedies-related discovery materials by Ripple, which are crucial for outlining possible legal courses of action and consequences in the lawsuit.



The legal battle initiated in December 2020, centers around the SEC's allegation that Ripple Labs, its CEO Brad Garlinghouse, and co-founder Chris Larsen, engaged in an unauthorized securities offering, raising $1.3 billion through the sale of XRP tokens. The SEC argues


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Ripple, #RippleLabs, #SEC, #Xrp

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