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US SEC Continues to Respond to Ripple’s Action

As the SEC’s action against Ripple continues, the Securities and Exchange Commission is asking Ripple Labs to write a lengthy response to its motion to exclude witness testimony.
The U.S. Securities and Exchange Commission asked judge Analisa Torres on Wednesday long enough to support response of 90 pages in July to exclude Ripple’s ten expert witness testimony.

At the judge’s request, the case was opened on April 28, as such actions and reactions were limited. 15 pages per expert.

The SEC filed a complaint against Ripple. In December 2020, XRP – the domestic coin Ripple Labs’ XRP Ledger – which states it has sold off the unregistered securities offering more than $1.38 billion
Chris Larsen , chairman of Ripple’s board of directors, and Brad Garlinghouse, CEO, have also been identified as co-defendants for alleged aiding and abetting Ripple’s crimes.

Last week, the U.S. Securities and Exchange Commission also issued a response briefing to support their objections to orders requesting a draft deal. 2018 lecture by former director William Hinman .

Judge Sarah Netburn allowed Ripple to issue two subpoenas to corroborate seven video recordings of SEC officials making public statements. 14 August .