Court Unveils Timeline for Motion Responses in Ripple vs. SEC Case

Judge Sarah Netburn has released a schedule outlining the timeline for Ripple’s motion to strike out new expert materials from the SEC’s motion, according to a scheduling order. Netburn, who was recently nominated by the Biden administration as a district judge for the Southern District of New York, is seen by the XRP community as giving Ripple an advantage in the legal battle. The US District Court for the Southern District of New York has published a timeline for the Ripple vs. SEC case, specifically regarding Ripple’s motion to strike new expert materials presented by the SEC’s expert witness, Andrea Fox. Ripple argues that the court must strike Fox as an expert witness due to the SEC’s failure to comply with the deadline. Ripple claims that the late filing of Fox’s expert report is detrimental to the company and should not be taken into consideration. The SEC has until April 29 to respond to Ripple’s motion, after which Ripple will have three business days to respond. The main point of contention between the two parties is the amount that Ripple should pay, with the SEC proposing a $2 billion penalty and Ripple pushing for a more lenient $10 million fine. XRP is currently trading at $0.5225, with a 1.3% gain in the past day.