Court docket permits SEC to increase 2 months to dig deeper into Ripple lawsuit

A judge has given the Securities and Exchange Commission (SEC) two more months to conduct a deeper exploration of their case against Ripple.

XRP holders have been patiently waiting for a sign that the SEC lawsuit against Ripple is coming to an end. However, according to an announcement by attorney James K Filan, the waiting time could be a bit longer. Filan shared that the SEC’s request to extend the investigation’s discovery period by 60 days was approved.

Even so, several other SEC moves that have been rejected in recent times are a relatively good signal for Ripple in general. Including the court that denied the SEC legal access as well as Ripple releasing important evidence before the SEC to “wash off” the violation of section 5 of the Securities Act.

See more: Ripple continues to “fight back” fiercely with the SEC with the desire for justice for the platform

Filan continued the announcement with another post, claiming this was a win for Ripple despite the SEC extending the time.

This is a good sign for fair defense. Judge Netburn made it clear to the SEC once again that the focus of that defense was on the activities of the SEC, not Ripple.

In addition, attorney Jeremy Hogan said that he believes a two-month extension will push the case to 2022. A settlement is still being discussed, but that outcome is unlikely at this stage. this.

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