The XRP lawsuit filed against Ripple by the United States Securities and Exchange Commission (SEC) is said to be concluded within the next months. As earlier reported, James K. Filan, a famous attorney, and former federal prosecutor noted that the case will receive a summary judgment from the presiding judge in March 2023.
In a recent development disclosed by James K. Filan, the SEC and Ripple have submitted a joint proposal that will help govern the sealing of issues relating to the upcoming summary judgment motions to be filed in the case.
Per the letter, “this proposal will ensure prompt and public access to the Parties’ briefs (as to which any proposed redactions are anticipated to be minimal), which is consistent with the “strong presumption” of public access.”
“Counter statements, declarations, and corresponding exhibits, for efficiency we propose a schedule for redactions soon after the reply briefs are filed so that all sealing issues can be raised to the Court in one set of briefs instead of piecemeal,” it added.
#XRPCommunity #SECGov v. #Ripple #XRP The parties have filed a joint proposal to govern sealing issues relating to the upcoming summary judgment motions to be filed in this case. pic.twitter.com/LHatnIskTx
— James K. Filan 🇺🇸🇮🇪 111k (beware of imposters) (@FilanLaw) September 8, 2022
To allow sufficient time for the Parties to meet and confer, Ripple and SEC have jointly proposed September 13, 2022, for the opening of motions to be filed. While September 15, 2022, has been proposed for parties involved to meet and confer, to identify redactions sought by each side to the briefs in support of the summary judgment motions.
Attorney Jeremy Hogan Says September 19 is Critical
Per the scheduling proposal, the SEC and Ripple will file public, redacted versions of briefs in support of the summary judgment motions on September 19, 2022.
Recall that during the filing of motions to dismiss expert discoveries relating to the XRP lawsuit, a series of disputes surfaced between the two parties in question.
Popular U.S. attorney and a partner at Hogan & Hogan law firm, Jeremy Hogan, seems to be highly interested in the September 19 meeting as it is expected that critical facts relating to the case will be revealed.
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.”
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 (I'm weird like that). https://t.co/hQgIm504sw
— Jeremy Hogan (@attorneyjeremy1) September 8, 2022
The ongoing Ripple-SEC case, where XRP is the subject of discussion, has lingered for almost two years. The SEC claims that XRP is a security whereas Ripple says XRP is just like every other digital asset like Bitcoin (BTC) and Ethereum (ETH).