Ripple ally v. SEC: plaintiff seeks extension in deadline for response RippleXRP XRPArmy XRPcommunity $XRP XRPHolders LBRY SECGov XRP
In looking back on events after the announcement of the loss of the lawsuit by LBRY at summary judgment, it should be recalled that on Nov. 30, LBRY filed a motion requesting an expedited briefing schedule to limit the commission's remedies, citing its financial situation.
This is because both parties were unable to reach a resolution concerning the remedies sought by the SEC in a meeting that deliberated the settlement proposal. The court granted LBRY's motion, and an expedited schedule was set thus: LBRY's motion was due on Dec. 7 while the commission's response was due on Dec. 14. LBRY's reply to the commission was expected to be turned in on Dec. 19.
LBRY fulfilled its side by filing its motion on Dec. 7 wherein it argued that the law limited the commission's remedies and additionally requested that the court impose specific remedies on it. It now awaits the SEC's response to proceed further. Thus, as it stands, approval by the court regarding the SEC's request might shift the expected date of LBRY's reply in the final phase of the lawsuit.
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