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SEC Will Produce Documents to Ripple Tomorrow.
In yet another win for popular blockchain company Ripple, the court has granted its request for extra time to file a response to the Securities and Exchange Commission’s motion to redact certain documents.
James K. Filan, who has been vocal about the SEC v. Ripple lawsuit, confirmed that the blockchain company received the positive news via a Text Only Order communicated to its lawyers recently.
“The SEC is directed to produce the redacted documents for Defendants’ assessment by March 30, 2022.”
#XRPCommunity #SECGov v. #Ripple #XRP 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.
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) March 28, 2022
Per the directive, the SEC has been mandated to produce the redacted documents for Defendant’s assessment by tomorrow, March 30, 2022.
In a motion filed by Ripple last week, the company noted that once it receives copies of the redacted documents, it will analyze and determine whether the SEC needs to conduct any redaction to the documents.
With the court mandating the SEC to produce redacted documents for Ripple’s analysis, the Defendant’s response is expected to be filed on or before April 4, 2022.
The lawsuit, which has lasted for more than a year, appears to be gearing up for its end, as indicated by Ripple in a recent court filing.
Last week, the SEC took advantage of a January 13, 2022 Deliberative Process Privilege (DPP) ruling to file a motion requesting permission to redact certain portions of selected meeting notes between the agency and third parties.
The SEC cited concerns that the portions it wants to redact highlight the author’s personal opinion as opposed to public guidance.