SEC, Ripple Labs extend case until 2022-end

The SEC and Ripple Labs executives have agreed to prolong the case's timeline and postpone hearings until the end of 2022, implying that the matter would likely drag on well into 2023.

Both parties requested the extension in a letter addressed to Judge Sarah Netburn, who has been presiding over the case. The amended schedule was authorized by Judge Netburn.

On Twitter, defense attorney James Filan revealed the news and the contents of the letter.

The defense must file their statements and any motions against expert witnesses by August 2, while oppositions must be filed by November 2 under the amended provisions of the joint letter. In addition, any resistance must be responded to by December 20.

• “Motions for summary judgment Rule 56.1 Statements and motions to exclude expert testimony must be filed by August 2, 2022.
• Oppositions to any motions for summary judgment, response to Rule 56.1 Statements, and responses to motions to exclude testimony must be filed by November 2, 2022.
• Replies to any opposition must be filed by December 20, 2022.”

The SEC requested an extension to file an objection to Judge Netburn's order on the Motion for Reconsideration of the DPP Ruling, which resulted in the new timeline. This is the second time the regulator has requested an extension in the case.