Ripple and the American Stock Exchange FederationArchive startedTheir response to the negative opinion of the sealed simple judgment motion

As explained by James K. Filan, the former federal prosecutor who followed the case, the revised version number will be released on December 5. However, Feilan indicated that the reply might come sooner

Ripple and the SEC will meet and discuss the revision before publishing the new document

The revised reply will also include the reply to a series of amicus curiae briefs submitted by Ripple and SEC advocates

Ripple and the SEC issued a simple judgment motion in September to prevent the court from delivering a sentence.

On October 20, the defendantExplicitly put forward negative opinionsPlaintiff's motion for simple judgment. Ripple fabricated a lie, and SEC could not prove that XRP users expected to make profits from the enterprise's marketing activities

However, the regulatory authorities persistently felt that "undoubtedly relevant evidence" showed that the defendant had carried out an offer acceptance and securities market sales without registration

It is reported that RippleCEOBrad Garlinghoue predicted and analyzed that the SEC's lawsuit will be handled in the first half of 2023