Ripple Vs. SEC Update: Judge Torres Weighs Extending XRP Lawsuit Fairly

In the ongoing Ripple vs. SEC case, Judge Torres has approved an order regarding new dates and the request to keep issues related to remedies briefing sealed.

Ripple Labs and the US Securities and Exchange Commission (SEC) jointly petitioned a federal court to keep confidentiality over Ripple’s documents regarding remedies, including intricate financial records and post-complaint institutional sales of XRP. Judge Analisa Torres considered extending the XRP lawsuit with new dates as an equitable measure to address disputes between the involved parties. 

A report from CoinGape states that both the defendants and the plaintiff’s lawyer view the proposal as a means to guarantee timely public access to the parties’ briefs, albeit with certain redaction. The respective parties will engage in discussions regarding the necessary redaction measures to ensure that crucial details are withheld from the XRP community and the wider crypto community. 

Although experts believe the case’s significance after Judge Torres’ assertion that XRP itself is not a security, the focus remains on post-complaint XRP sales. Therefore, the extension of the SEC vs. Ripple Labs lawsuit could have a notable impact on the price of XRP. 

Meanwhile, XRP lawyer John Deaton has gathered over 10,000 signatures for his campaign. Deaton expressed his optimism about this recent development and reiterated his determination to win the Massachusetts Senate seat. 

Furthermore, Deaton also emphasized his dedication to the electoral process in his announcement via X, saying, “I’m in it, to win it.” He also highlighted the requirements for securing a place on the Senate ballot, stating “It takes 10,000 certified signatures from registered Republican or Unenrolled voters in Massachusetts to make the ballot.”