Court Unveils Timeline for Motion Responses in Ripple vs. SEC

Judge Sarah Netburn has released a scheduling order that outlines the timeline for Ripple’s motion to strike out new expert materials from the SEC’s motion. Recently nominated by the Biden administration as a district judge for the Southern District of New York, Netburn’s appointment is seen as advantageous by the XRP community in their legal battle. The US District Court for the Southern District of New York has published a scheduling timeline for the Ripple vs. SEC case, specifically regarding Ripple’s motion to strike new expert materials from the regulator. Ripple argues that the court should strike the SEC’s expert witness, Andrea Fox, as she was submitted at the last minute and the SEC failed to explain why they didn’t comply with the deadline. With the late submission of Fox’s expert witness account, Ripple would need to reopen proceedings to depose her, causing expense and delays. Judge Netburn has given the SEC until April 29 to respond to Ripple’s motion, and then Ripple will have three business days to respond. The main point of contention between the two parties is the amount of the penalty Ripple should pay, with the SEC proposing a $2 billion penalty and Ripple pushing for a more lenient fine of $10 million.