XRP Lawsuit: Ripple Moves To Block SEC’s ‘Transparent Attempt’ To Delay Court Proceedings

XRP Lawsuit: Ripple Moves To Block SEC’s ‘Transparent Attempt’ To Delay Court Proceedings


Payments firm Ripple Labs and some of its top executives are objecting to a motion by the U.S. Securities and Exchange Commission (SEC) to seek more time or room to respond to potential new filings.

Ripple Labs, its CEO Brad Garlinghouse and its executive chairman Chris Larsen said in a filing dated September 20th that the SEC is engaging in a “transparent attempt” to delay the resolution of the lawsuit in which the markets regulator alleges the payments firm issued XRP as an unregistered security.

According to the defendants, the SEC should be denied more time or room to respond to additional briefs filed by amici curiae. Crypto advocacy group Chamber of Digital Commerce had earlier this week sought the court’s permission to file an

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