The post Next Key Deadline to Watch in Crypto Legal Battle appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is heating up as both parties prepare for the next key deadline in the case. As Ripple and the SEC enter the “remedies” phase of the case focusing on institutional sales, the upcoming deadline in the case would be Feb. 20. Ripple scored a landmark win in the lawsuit in July 2023; however, the Court determined that certain XRP institutional sales were investment contracts and hence should have been registered with the SEC. It should be recalled that earlier in February, Ripple requested a one-week extension of the deadline for remedies-related discovery from Feb. 12 to Feb. 20, making this the next crucial deadline in the legal battle. At this point, the discovery phase remains crucial, as it could reveal new information or arguments that could impact remedies. In a throwback to events that preceded this key timeline, the SEC served nine interrogatories and three RFPs on Ripple on Nov. 14. After the parties met and conferred on Dec. 21 and Jan. 3 to narrow the dispute, the SEC filed a motion on Jan. 11 to compel discovery of Ripple’s financial statements for the years 2022 and 2023, post-complaint written contracts governing XRP sales to institutional buyers, hedge funds and ODL customers, and…

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Filed under: News - @ February 17, 2024 4:18 pm