The first is Aug. 31, 2021. This date marks the end of the fact discovery period for the SEC. Then there’s Oct. 15, 2021. That’s when the period for it to conduct expert discovery comes to an end. News of an extension in the SEC’s case against XRP might have some investors spooked
News of an extension in the SEC’s case against XRP might have some investors spooked but it could be a positive. James K. Filan, an attorney, has been posting about the matter on Twitter
One disadvantage is that this extension will easily delay the Ripple lawsuit and could even push it into 2022. Attorney Jeremy Hogan believes that this will be the case. He also claims that while a settlement is still possible, it doesn’t seem to be the likely outcome of this lawsuit.