{"id":256258,"date":"2024-02-29T07:08:44","date_gmt":"2024-02-29T01:38:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=256258"},"modified":"2024-02-29T07:08:44","modified_gmt":"2024-02-29T01:38:44","slug":"ripple-faces-new-sec-deadline-extension-request-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ripple-faces-new-sec-deadline-extension-request-crypto-news\/","title":{"rendered":"Ripple Faces New SEC Deadline Extension Request &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"article__contents\">\n<p>Contents<\/p>\n<ul class=\"article__contents-list\">\n<li class=\"article__contents-item\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h251\">Legal maneuverings\u00a0<\/a><\/li>\n<li class=\"article__contents-item\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h354\">The SEC&#8217;s recent win\u00a0<\/a><\/li>\n<\/ul>\n<\/div>\n<p>In the latest twist of the SEC vs. Ripple Labs legal showdown, the SEC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.crypto-law.us\/wp-content\/uploads\/2024\/02\/SEC-Motion-for-Extension-of-Time-to-File-Remedies-Related-Briefing.pdf\">has put forth<\/a> a proposal to extend the timeline for submitting briefs related to remedies in the ongoing lawsuit.\u00a0<\/p>\n<p>The formal request has been placed before Judge Analisa Torres in the Southern District of New York, aiming to reschedule the SEC&#8217;s opening brief to March 22.\u00a0<\/p>\n<h2>Legal maneuverings\u00a0<\/h2>\n<p>This move marks the first time either party has sought an extension in the remedies-related briefing schedule, with Ripple expressing its consent to the proposed timeline adjustments.<\/p>\n<p>The SEC&#8217;s request for a deadline extension is attributed to a need for additional time to review recently produced documents and finalize remedies-related briefing.\u00a0<\/p>\n<p>This comes after a dispute between <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/ripple-to-face-another-lawsuit-details\">Ripple<\/a> and the SEC regarding the scope of discovery was resolved on Feb. 5, leading to a one-week extension of the initial discovery deadline by Magistrate Judge Netburn.\u00a0<\/p>\n<p>The SEC asserts that &#8220;good cause&#8221; exists for this brief extension under Federal Rule of Civil Procedure 16(b)(4), citing diligent efforts in completing remedies-related discovery and briefing.\u00a0<\/p>\n<p>The absence of an imminent trial in the case further supports the SEC&#8217;s position for a deadline extension, aiming to ensure thorough preparation and review before submitting their opening brief.<\/p>\n<h2>The SEC&#8217;s recent win\u00a0<\/h2>\n<p>As <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/sec-scores-big-win-against-ripple\">reported by U.Today<\/a>, the SEC&#8217;s litigation against Ripple recently took a favorable turn, with the court mandating Ripple to disclose specific financial records and contract details.<\/p>\n<p>Despite Ripple&#8217;s objections, the court found the requested documents essential for determining an appropriate remedy and assessing the necessity of an injunction.\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Contents Legal maneuverings\u00a0 The SEC&#8217;s recent win\u00a0 In the latest twist of the SEC vs. Ripple Labs legal showdown, the SEC has put forth a proposal to extend the timeline for submitting briefs related to remedies in the ongoing lawsuit.\u00a0 The formal request has been placed before Judge Analisa Torres in the Southern District of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":256259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-256258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=256258"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256258\/revisions"}],"predecessor-version":[{"id":256260,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256258\/revisions\/256260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/256259"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=256258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=256258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=256258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}