The clock is ticking for Ripple and SECGov
According to a tweet by attorney James K. Filan, following the court's order dated September 12, 2022, the concerned parties have a window of 21 days to file public, redacted versions of these critical documents. The due date for the submission is slated to be June 6.
The regulatory agency alleges that Ripple Labs, the company associated with the XRP cryptocurrency, conducted an unregistered securities offering by selling XRP. Ripple Labs has fought back, arguing that XRP is not a security but a cryptocurrency, much like Bitcoin or Ethereum. The unsealing of summary judgment documents is expected to provide greater clarity on the arguments put forward by both parties in this high-stakes case.
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