In a recent development regarding the legal battle between the Securities and Exchange Commission (SEC) and Ripple Labs Inc., attorney James K. Filan took to Twitter to provide updates on the timeline for the release of certain documents.
Attorney Filan initially tweeted that the parties involved had filed a joint letter requesting a one-week extension until June 13th, 2023. This extension was sought in order to file public, unredacted versions of cross-motions for summary judgment and accompanying exhibits, including the Hinman materials.
However, Filan later announced that the request for an extension had been granted, allowing for additional time to submit the documents.
This recent development comes after an order issued by the court on September 12th, 2022, which granted the involved parties a 21-day period to submit public versions of Summary Judgment documents.
These versions were required to adhere to the guidelines outlined in the sealing ruling. Based on this order, it was expected that the documents would be unveiled on June 6th, 2023.
In the joint letter submitted to the court, the SEC and Ripple Labs, along with defendants Bradley Garlinghouse and Christian A. Larsen, collectively referred to as the “Parties,” requested that the court order them to file public, redacted versions of their cross-motions for summary judgment and accompanying exhibits on June 13th, 2023.
Ripple Community Eagerly Awaits Unredacted Documents In SEC Lawsuit
This new deadline is one week later than the previously anticipated date of June 6th. The Parties cited the voluminous nature of the materials and the need for redactions as reasons for seeking the extension. It is worth noting that this is the first request to extend the deadline.
In their letter, the Parties also highlighted that a similar timeline had been approved by the court for the filing of public, redacted versions of the Daubert motions, which were less voluminous than the materials in question.
This reference suggests that the court has been accommodating in granting extensions to allow for the careful preparation of redacted documents.
The ongoing legal dispute between the SEC and Ripple Labs has been closely followed by the cryptocurrency community, as it has significant implications for the regulation of digital assets.
Many stakeholders are eagerly awaiting the release of the unredacted documents, including the Hinman materials, as they may provide crucial insights into the SEC’s stance on cryptocurrencies and their potential classification as securities.
As the case continues to unfold, market participants and cryptocurrency enthusiasts will closely monitor any further updates and announcements related to the SECGov v. Ripple litigation.
The extended deadline for filing public, redacted versions of the cross-motions for summary judgment and accompanying exhibits marks another milestone in this high-profile legal battle.