XRP Lawsuit: SEC Requests Change To Remedies Briefing Deadlines
Summary
The SEC has requested a one-week extension for deadlines in the XRP lawsuit with Ripple Labs, citing "good cause" due to a recent dispute over discovery's scope. Both parties consent to the extension, emphasizing the collaborative nature of the case. The extension pertains to the remedies-related briefing schedule, not the trial's imminence. The "remedies" phase concerns potential penalties for alleged illegal XRP sales by Ripple. Pro-XRP lawyer John Deaton predicts Ripple's fine could be lower than its legal fees, potentially ranging from $10 million to $100 million. At present, XRP trades at $0.5795.
