Request for Time Extension
Ripple has requested more time to respond to the SEC’s motion in federal court, moving the original due date from January 17 to January 19. This extension is needed to finalize preparations for the legal team, executives, and witnesses.
Strategic Delays by Ripple
Yassin Mobarak, founder of Dizer Capital, suggests that Ripple’s request for more time is a strategic move to stretch out the lawsuit and gain an advantage. He believes that the delay tactics put pressure on the SEC, especially with potential shifts due to U.S. elections.
Impact on the SEC
Mobarak asserts that the SEC is heavily reliant on time, and any prolongation of the case could shift the order and responses. The scheduling order indicates that the SEC will make a filing on April 29, 2024, and this timing will affect the legal strategy of both parties involved.
Hot Take: Ripple’s Call for Delay
Ripple’s motion for a time extension reflects strategic steps in the ongoing lawsuit and adds pressure on the SEC due to potential shifts in U.S. elections. The impact of these delays is significant, affecting legal strategies and the overall course of the case.
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