According to a recent tweet by defense lawyer James K. Filan, Ripple has scored another small victory by getting an extension of time to respond to the SEC regarding redactions it made during meetings with third parties. The regulator is expected to produce the redacted documents to be assessed by Ripple lawyers today, March 30. Ripple’s legal team will give its response on April 4.
Ripple Files Motion to Gain Extra Time to Respond to SEC’s Redactions of Meeting Notes
XRP BIG NEWS TOMORROW! 🚨 This Will Cause A Settlement!
“The filing of the Individual Defendants’ Answer is the triggering event. When the Answer is filed, even if before April 8th, the date the Answer is filed starts the two-week clock running for the filing of the SEC position on discovery and the Joint Proposed Scheduling Order.”
Russian Connection to Ripple?
The Russian invasion of Ukraine serves as a powerful example of the interconnectedness of finance and politics.
It was only a few days after the invasion began that a large coalition of Western nations decided to ban Russian banks from SWIFT. SWIFT is an acronym meaning Society for Worldwide Interbank Financial Telecommunications. Remove Russia from the system and its access to foreign capital is effectively choked off and the nation isolated. Its ability to transact in the global financial system becomes severely compromised.