Ripple

Ripple vs SEC Summary Judgement Date Out!

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Jul 26, 2022

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The Ripple v.s SEC case is getting intense as the watchdog shields its claim over the Hinman speech and other motions. Although the court has resolved a number of disputes, many of them remain unresolved or are in the process of being briefed. 

Attorney James Filan shared updates related to the pending motions and the deadline for the same. He also highlighted the motions for summary judgement in the documents. 

According to the document, the date for filing statements on undisputed facts and motion for summary judgement is September 13, 2022. The last date to file oppositions for the motions for summary judgment and responses is by October 18, 2022. The replies to the oppositions must be filed by November 15, 2022. 

The parties will have to wait for the verdict by District Judge Torres over these motions. Filan mentioned that July to mid-August will be a very busy period for them. However, some aspects of the lawsuit will advance while others will take longer than expected to resolve. 

In regards to the judge’s rulings on expert motions and summary judgement motions, the attorney claimed he would keep to his earlier forecasts. He noted that a decision on both motions will be made simultaneously. The time, according to Filan, should be around March 31, 2022.

He further emphasised that he is completely ignorant of the outcome of Hinman’s email dispute. Filan added that he didn’t think the summary judgement motions should be decided before making a judgement about the dispute. He is no longer as confident as he once was because the court allowed SEC to submit a rebuttal to support its assertions.

The next significant day, according to Filan, is July 26, 2022. By this time, the Commission’s objections are to be submitted. By August 9, 2022, ripple and the defendants will have filed their replies.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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