Anticipation Peaks for Ripple (XRP) vs. SEC: Key Reply Brief Due May 6

Anticipation Peaks for Ripple (XRP) vs. SEC: Key Reply Brief Due May 6

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  • The SEC is set to submit its reply brief on May 6, following Ripple’s recent filing on April 22.
  • Ripple countered the SEC’s allegations in its brief.
  • XRP market participant Ashley Prosper speculates on the possible outcomes of the legal battle.

The SEC is set to submit its reply brief in its ongoing legal battle with Ripple. This article delves into the details of the case and speculates on possible outcomes.

SEC to Submit Reply Brief in Ripple Case

The ongoing legal battle between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC) is reaching another crucial point. Following Ripple’s brief on April 22, the SEC is preparing to submit its reply brief on May 6. This development comes after the SEC’s opening brief on March 22, after which Ripple was granted an extended deadline to submit its opposition brief.

Ripple Counters SEC’s Allegations

In its opposition brief, Ripple countered expert testimony and other exhibits presented in the SEC’s opening brief. The extended deadline allowed Ripple to build its defense and address the SEC’s allegations in an attempt to reduce the potential penalty. However, the SEC’s imminent reply brief is expected to respond to Ripple’s arguments and reinforce its stance on the appropriate penalties... Read the full article for FREE at COINOTAG!

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