The SEC Says It Takes No Position On Ripple’s Request To Reopen Fact Discovery As It Files A One-Line Response To Go Against Ripples’ Request

As reported on the 8th of August by attorney James K Filan, the SEC has filed a one-line response to the Ripple Defendants’ attempts to enforce Magistrate Judge Netburn’s ruling on the authentication of videos of the SEC officials’ remarks.

The SEC stated:

“It takes no position on Ripple’s request to reopen fact discovery”

As previously reported by Cryptolifedigital, Ripple said in the original request, that the two Subpoenas seek were not for the reopening of the discovery as requested by the SEC but related RFAs Ripple served before the end of fact discovery and which are needed to effectuate the Judge Netburn’s Order.

 As stated by Ripple, the videos are present on two video-sharing platforms and on these platforms, videos cannot be downloaded by an unauthorized person unless with permission. Given this, the defendant, including Brad Garlinghouse and former CEO of Ripple, Chris Larsen, met with the video-sharing platform for permission’s term of service.

Read Also: Chainlink Says It Will Not Support The Fork Version Of The Ethereum After The Merge

Read Also: Billionaire Mark Cuban Says “I Still Think DOGE Has Got More Applications Potentially Available To It Than Cardano”

The platforms requested, that Ripple serve subpoenas before it is granted permission to download the videos and this has made Ripple request permission from Judge Sarah Netburn to serve two non-parties subpoenas for the videos to be authenticated.

The Act Of SEC Is Termed As “an abuse of the judicial process and a waste of the Court’s time”

The act of SEC as deduced from its one-line response is the term “an abuse of the judicial process and a waste of the Court’s time” as gotten from the fact that the SEC waited for a whole 5 days to file its response which the SEC then misconstrued Ripple’s original request.

Over 70,000 Holders Have Joined The Class-Action Lawsuit Against The SEC,

The Deaton was anticipating victory over Gary Gensler and SEC director as over 70K XRP holders from diverse backgrounds from all 50 states, every U.S. territory, and 141 Countries around the have joined together to fight their unlawful expansion.

  • 1373 Posts
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you're a seasoned investor or just starting out, Cryptolifedigital's analysis offers valuable insights into the world of cryptocurrency.