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Ripple’s Request for Extra Time Regarding Redacted Documents Has Been Granted

According to the latest development, the motion filed by Ripple, the cross-border payments firm, for extra time in relation to the redacted documents has been granted by the Judge.

The new development was shared on Twitter a few hours ago by James K. Filan, a defense lawyer and former federal prosecutor. According to the attorney, the request was granted by the court in a Text Only Order.

Read Also: Attorney Jeremy Hogan States Why Ripple Lawsuit Might Be Interesting in Following Months

In the update, Filan pointed out that the United States Securities and Exchange Commission (SEC) has been instructed by the Judge to make the redacted documents available for the defendants’ assessment by 30th March 2022, while they are expected to respond by 4th April.

James K. Filan tweeted, “Ripple’s request for extra time regarding the redacted documents was granted in a Text Only Order. The SEC is directed to produce the redacted documents for Defendants’ assessment by March 30, 2022. Defendants’ response is due April 4, 2022.”

SEC Files Motion to Redact Portions of Key Documents.

Last week, the SEC filed a motion to redact portions of key documents, including some of the notes from its meetings with third parties.

According to the SEC, the notes are protected by deliberate process privilege (DPP), a common-law principle that protects internal agency information.

The motion reads in part:

“The handwritten portions in question expressly reflect either (1) the authors’ thoughts regarding subject matters discussed during meetings and/or (2) deliberations among SEC staff during meetings.”

Read Also: Big Win For Ripple As Judge Asks SEC to Release Hinman Email about Ethereum (ETH)

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The SEC seeks to redact the notes that were taken by Valerie A. Szczepanik, the SEC’s crypto czar, during a February 2014 meeting with Stanford Law School Professor Joseph Grundfest and then-SEC Commissioner Daniel Gallagher that focused on the legal status of Bitcoin.

On 26th March as reported by James Filan, the defendants (Ripple, Brad Garlinghouse, and Chris Larsen) filed a motion for an extension of time to respond to the redactions proposed by the SEC, which was recently granted.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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