Friday, December 9, 2022
 

What To Expect Next in the Ripple Vs. SEC Ongoing Lawsuit

  • Filan took to Twitter to brief on what to expect next in the lawsuit proceedings.
  • Next, the parties will file redacted versions of the briefs in support of the Motions Summary Judgment.
  • On October 18, the parties will file all materials relating to opposition to the Motions Summary Judgment.

In the recent developments in the endgame, defense lawyer James Filan took to Twitter to brief his followers on what to expect next in the court proceedings of the Ripple (XRP) vs. U.S. Securities and Exchange Commission (SEC) lawsuit.

The filing process, which began on September 13, 2022, has so far progressed in SEC filing the under seal for the Motions for Summary Judgment.

In the next series of events, the parties will file redacted versions of the briefs in support of the Motions Summary Judgment on Monday, September 19. However, the actual Declarations, Exhibits, or Rule 56.1 Statements shall not be disclosed. The latter is expected to be released after a decision on the Omnibus Briefing is made. The briefing is in regard to the sealing described at the end of the approved proposal. The filing of the Omnibus Briefing is expected to happen on December 19.

According to Filan, the briefs will be long and have references and citations to the Declarations, Exhibits, and Rule 56.1 Statements. After Monday’s brief, the parties will next come together on October 18 to file all materials relating to opposition to the Motions Summary Judgment, which is temporarily under seal.

While concluding the tweet, James said he anticipates that the ruling on the pending Daubert sealing motions, which overlap with the Summary Judgment sealing issues, could affect the schedule of the court proceedings. However, as of now, it is proceeding with its projected timing.

In other news, the crypto advocacy group Chamber of Digital Commerce (CDC) has come forward to be the friend of the court in the lawsuit between SEC and XRP. CDC stated that it does not take a view on whether XRP sales are securities transactions in the brief, but it lays out the applicable legal precedent for the initial offering of digital assets.

  • Filan took to Twitter to brief on what to expect next in the lawsuit proceedings.
  • Next, the parties will file redacted versions of the briefs in support of the Motions Summary Judgment.
  • On October 18, the parties will file all materials relating to opposition to the Motions Summary Judgment.

In the recent developments in the endgame, defense lawyer James Filan took to Twitter to brief his followers on what to expect next in the court proceedings of the Ripple (XRP) vs. U.S. Securities and Exchange Commission (SEC) lawsuit.

The filing process, which began on September 13, 2022, has so far progressed in SEC filing the under seal for the Motions for Summary Judgment.

In the next series of events, the parties will file redacted versions of the briefs in support of the Motions Summary Judgment on Monday, September 19. However, the actual Declarations, Exhibits, or Rule 56.1 Statements shall not be disclosed. The latter is expected to be released after a decision on the Omnibus Briefing is made. The briefing is in regard to the sealing described at the end of the approved proposal. The filing of the Omnibus Briefing is expected to happen on December 19.

According to Filan, the briefs will be long and have references and citations to the Declarations, Exhibits, and Rule 56.1 Statements. After Monday’s brief, the parties will next come together on October 18 to file all materials relating to opposition to the Motions Summary Judgment, which is temporarily under seal.

While concluding the tweet, James said he anticipates that the ruling on the pending Daubert sealing motions, which overlap with the Summary Judgment sealing issues, could affect the schedule of the court proceedings. However, as of now, it is proceeding with its projected timing.

In other news, the crypto advocacy group Chamber of Digital Commerce (CDC) has come forward to be the friend of the court in the lawsuit between SEC and XRP. CDC stated that it does not take a view on whether XRP sales are securities transactions in the brief, but it lays out the applicable legal precedent for the initial offering of digital assets.

 

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