SEC Wants to Gain More Time in Ripple Case

The SEC has filed for an extension of time in order to respond to Ripple’s latest motion that aims to strike the plaintiff’s supplemental expert report

The U.S. Securities and Exchange Commission has filed a motion for an extension of time.

The plaintiff has told Magistrate Judge Sarah Netburn that the defendants have agreed to the request, which means that the motion is very likely to be greenlit by the court.

The agency needs the extension in order to file its response to Ripple’s recently filed motion to strike a supplemental expert report.

As reported by U.Today, the rebuttal report, which was securities and finance analyst Dr. Albert Metz, addresses the “economic significance” of Ripple’s announcements in terms of the performance of the XRP cryptocurrency. The defendants, however, argue that the SEC isn’t supposed to have the final say in the discovery process. Ripple claims that the supplemental report doesn’t bring anything new to the table.

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reported by U.Todaysaid

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