The SEC is in the process of reopening the discovery in its case against Ripple…Details here
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Answer The SEC is in the process of reopening the discovery in its case against Ripple…Details here
in message Speaking to Judge Sarah Netbourne, Ripple’s legal team claims that the SEC wants to reopen discovery in the case.
The defendants requested permission from the court to file subpoenas in order to obtain copies of several video recordings in which SEC officials made public remarks.
The video platforms that host the respective videos prevent users from downloading and copying without permission.
As such, Ripple’s legal team now has to file court filings to be able to download the requested content.
If the court approves the defendants’ request to file subpoenas for the companies involved, the articles will then be approved by the Securities and Exchange Commission.
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But it seems that the application will not go unnoticed by the SEC.
In a reversal, the SEC wants the court to reopen the discovery in order to service its own subpoena, which would make it possible to obtain copies of some recordings to support its claims.
He told the defendants that the SEC’s demands were improper because the SEC did not file any requests during the discovery phase.
At the same time, it told Ripple that there was no problem with the dates, with its application being filed because the defendants were not seeking to reopen the discovery.
Ripple’s legal team has repeatedly accused the SEC of inaction in order to prolong the case.
According to Ripple CEO Brad Garlinghouse, the company has already spent more than $100 million on legal fees during its legal battle with the regulator.
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