The U8 Securities Commission and Exchange have told Judge Judge Sarah Netburn that he intends to oppose the decision of the recent deniberative process (DPP) process, requesting extra time. The agency has said that he intends to increase the statement of new privileges in his recent letter.

On January 13, the court decided that the SEC had to produce an email related to the controversial Ethereum speech from the former High-ranking William Hinman official, where he stated that the second largest cryptocurrency was not security.

The Plaintiff then submitted a movement to be reconsidered, but was rejected by the judge earlier this week, some of whom were described as a big victory for the ripple. SEC is not satisfied with the decision.

The body has noted that the defendants are willing to continue the assessment of a summary without a definitive decision on this issue.

No additional discovery

SEC does not plan to take additional discoveries in the case of ripple for now. At the same time, the letter said the Plaintiff and the defendants of the individual could request additional discoveries related to disgorgement drugs in the future.

In addition, Ripple’s lawyer has informed that the defendants have the right to confirm the right defense in the future. The SEC can seek the discovery related to such defense in order to attack him as prejudice.

The SEC sued Ripple and the peak executive in December 2020, alleged that the defendants illegally raised more than $ 1.3 billion with the help of unregistered security assets. The Plaintiff is looking for lacking benefits.

In his movement to stop the lawsuit, Ripple Co-Founder Chris Larsen claimed that the Claim of SEC to be preserved and the fines of the civil monetary must be dismissed as time went on. As reported by U.Today, the court shot down executive attempts to throw a lawsuit in early March. The court argues that every specific transaction “is a separate violation of the law.” The Mosi of the CEO of Brad Garlinghouse to stop the lawsuit was dismissed too.