The XRP lawsuit between Ripple, San Francisco-based cross-border payment firm, and the United States Securities and Exchange Commission (SEC) is heading to a significant point.
Ripple Defendants, which include the blockchain payment firm and two of its top executives, Chris Larsen and Brad Garlinghouse, have filed their motion for summary judgment under seal, according to the update shared on Twitter by James K. Filan a few hours ago.
Read Also: Ripple Gains New Legal Support In its Quest to Prove XRP is Not a Security
In the same thread of tweets, the defense lawyer and former federal prosecutor also revealed the date parties will publicly file a motion for summary judgment.
Aside from the motion for summary judgment, Filan also disclosed that Ripple Defendants filed the Rule 56.1 Statement, a Declaration of Michael K. Kellogg, and 106 Exhibits.
In conclusion, the defense lawyer said on Sept 19th, parties will file public and redacted versions of the briefs in support of the summary judgment motions.
James K. Filan tweeted, “The Ripple Defendants have filed, UNDER SEAL, their Motion for Summary Judgment, the Memorandum of Law in Support of the Motion for Summary Judgment, the Rule 56.1 Statement, a Declaration of Michael K. Kellogg, and 106 Exhibits.
“On Monday, September 19, 2022, the parties will file public, redacted versions of the briefs in support of the summary judgment motions, making only those provisional redactions requested by the parties.”
2/2 On Monday, September 19, 2022, the parties will file public, redacted versions of the briefs in support of the summary judgment motions, making only those provisional redactions requested by the parties.
— James K. Filan 🇺🇸🇮🇪 112k (beware of imposters) (@FilanLaw) September 13, 2022
Read Also: MoneyGram Files Letter-Motion to Seal Portions of Expert Testimony in the Ripple-SEC Lawsuit
Why September 19, 2022, is Significant for XRP Community?
On the 9th of September, Jeremy Hogan, another top lawyer who has been following the lawsuit since it was filed in December 2020, explained the significance of Sept 19, 2022, to the ongoing XRP lawsuit.
According to Hogan, some crucial facts in relation to the lawsuit will be publicly revealed on that day. He also showcased his excitement, tagging the day “The endgame” for the Ripple-SEC lawsuit.
He wrote, “Circle September 19 as the day we get to see (most of) the cards the parties are holding! Ripple v. SEC: The endgame. It’s getting me excited.”
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