The SEC asks for two months to prepare documents related to its view of Ethereum, Bitcoin and Ripple
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer The SEC asks for two months to prepare documents related to its view of Ethereum, Bitcoin and Ripple
In a new update in SEC v Ripple, the SEC has asked a New York court to give it an additional two months to disclose emails and internal documents related to Bitcoin, Ethereum and Ripple.
The SEC wrote in a letter to the court last Friday that it is in the process of making accurate and good faith decisions for applicable liens, as required in the circumstances, and according to the SEC it is a sensitive and time-consuming endeavor.
Since December, the SEC has alleged that Ripple has raised more than $1.3 billion in ongoing unregistered securities sales of its native currency, XRP.
Read:Bank of America: Cryptocurrencies Could Overtake Stocks Amid Possible Recession!
Ripple denies these allegations:
On March 15, Ripple asked Judge Sarah Netbourne to order the Securities and Exchange Commission (SEC) to turn over its communications about cryptocurrency.
Ripple lawyers believe that the SEC may be exposed to bias against cryptocurrencies, and by proving the bias could help Ripple win the case, say Ripple lawyers.
On April 6, Judge Netbourne largely agreed to the SEC’s requests, denying the request to access SEC staff emails about XRP’s legal status.
On June 4, Ripple asked the court to order the Securities and Exchange Commission (SEC) to give a deadline of June 18.
For the authority to respond and tell that the date of June 18 is one-sided.
The SEC told the SEC that the SEC has already collected 25,000 emails and is still reviewing tens of thousands of internal documents.
But she said she had to talk to her former employees to understand some of the old documents.
Ripple lawyers want to have the information by June 18.
The SEC has been accused of intentionally delaying document production as a reason to extend the discovery schedule.
Read:Exchanging huge amounts of Ethereum before the update date…details here
Ripple’s attorney wrote in a March 15 filing to US District Judge Sarah Netburn that:
The SEC has watched the growth and development of XRP, while not issuing any official guidance that its sales may be illegal.
However, the SEC announced that the sales of two similar digital assets – bitcoin and ethereum – were not securities offerings.
But the Securities and Exchange Commission has never revealed its internal reasons, and has demanded a two-month deadline to disclose them.
Read also:
How does the BIS see banks dealing with cryptocurrency?
Brazil’s Central Bank Delays Timeline of Central Bank Digital Currency Until 2024
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time