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HomeCrypto NewsMarketBreaking: SEC Will Produce Documents to Ripple Tomorrow 

Breaking: SEC Will Produce Documents to Ripple Tomorrow 

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SEC Will Produce Documents to Ripple Tomorrow.



In yet another win for popular blockchain company Ripple, the court has granted its request for extra time to file a response to the Securities and Exchange Commission’s motion to redact certain documents. 

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James K. Filan, who has been vocal about the SEC v. Ripple lawsuit, confirmed that the blockchain company received the positive news via a Text Only Order communicated to its lawyers recently. 

“The SEC is directed to produce the redacted documents for Defendants’ assessment by March 30, 2022.”

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Per the directive, the SEC has been mandated to produce the redacted documents for Defendant’s assessment by tomorrow, March 30, 2022. 

In a motion filed by Ripple last week, the company noted that once it receives copies of the redacted documents, it will analyze and determine whether the SEC needs to conduct any redaction to the documents. 

With the court mandating the SEC to produce redacted documents for Ripple’s analysis, Defendant’s response is expected to be filed on or before April 4, 2022. 

The lawsuit, which has lasted for more than a year, appears to be gearing up for its end, as indicated by Ripple in a recent court filing. 

Last week, the SEC took advantage of January 13, 2022, Deliberative Process Privilege (DPP) ruling to file a motion requesting permission to redact certain portions of selected meeting notes between the agency and third parties. 

The SEC cited concerns that the portions it wants to redact highlight the author’s personal opinion instead of public guidance.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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