◆ SEC-Ripple agrees on briefing schedule for requesting dismissal of lawsuit
On the 13th (local time), AMB Crypto, a media specializing in cryptocurrency, quoted a Twitter posted by lawyer James K. Pillan and reported as follows. He uploaded a document stating that the SEC and Reflaps “scheduled briefing for dismissal of lawsuits agreed upon and submitted to the court.
This document contains the date the SEC agreed with the defendants on the briefing schedule. It was filed with Judge Tolysa, an analyst at the Southern District Court of New York, who is currently in charge of the lawsuit. The scheduled briefing date is June 4th.
Garlinghaus and Larson’s legal team submitted documents written in about 10 pages. We’ve covered some of the issues that have fallen into a deadlock with the manuscript. The SEC also agreed to submit the documents by Ripple, as they must submit the same amount of documents. “We will have to wait until the summer to see how the briefing results will come out,” AMB Crypto added.
◆ Ripple requests rejection of personal financial information submission request
Garlinghouse and Larson’s legal team requested a protection order when the SEC demanded that the two people submit their personal financial information on the 11th. The legal team rejected the request to submit personal financial information requested by the SEC in connection with the current investigation, and demanded that subpoenas issued to six banks be withdrawn.
The legal team argued that the SEC’s attitude to obtain personal financial information unrelated to the lawsuit was an act of superpower. At the same time, Garlinghaus and Larson stated that they were willing to provide Ripple sales information.