In terms of direction, the Ripple Sec lawsuit is once again at a critical point.
In response to Ripple’s petition with the court, the SEC sent a response asking Judge Sara Netburn not to comply with the defendant’s motion to prohibit federal agencies from contacting the foreign exchange for discovery purposes.
Former federal attorney and defense attorney James K. Filan, who was quite active on Twitter and kept Ripple enthusiasts informed of the ongoing encounter, tweeted the PDF of the letter the SEC sent to Judge Sara Netburn.
#XRPCommunity #XRP #SEC_NEWS v. #Ripple #SEC_NEWS begs the Tribunal to contest #Ripple‘s request for an order that includes the #SEC_NEWS (1) stop using foreign requests for assistance for discovery purposes; and (2) reverse all material already collected. Https://t.co/EYRrsHXmqC
– James K. Filan (@FilanLaw) April 23, 2021
The document is the SEC’s response to the motion Ripple filed in court on April 16. The motion not only challenged the SEC’s actions, but also accused the federal agency of continuing the intimidating tactic. Such tactics, Ripple said, could harm their relationship with their partners’ foreign exchange or regulators.
It should be noted that Ripple boss Brad Garlinghouse has rigorously highlighted this fact that 95% of Ripple users are from countries other than the US. With that in mind, Ripple’s predominant relationships with exchanges and regulators around the world are indeed at risk.
On the contrary, in response to the motion, the SEC stated in the letter to Judge Sara Netbrn that Ripple’s motion is “to the point without any legal authority”.
In the run-up to the Discovery Conference due to take place on April 30th, these events are significant.
Since the conference call can accommodate up to 400 participants, the Filan’s defense attorney has invited his supporters to attend the conference.
In addition, in an earlier tweet, the defense attorney had stated that the discovery is what the SEC is seeking “outside the rules of procedure of the Federation and the Hague Convention”.