XRP Lawsuit News: SEC to File Opening Brief Tomorrow Despite Ripple’s Request for Delay

The post XRP Lawsuit News: SEC to File Opening Brief Tomorrow Despite Ripple’s Request for Delay appeared first on Coinpedia Fintech News

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to make headlines. Lawyer James K. Filan recently shared an update regarding the lawsuit. Filan revealed that the parties involved have filed a Stipulation, agreeing to file a deferred appendix for the cross-appeals 21 days after the appellee’s brief is served. However, the SEC’s opening brief is still required to be filed by tomorrow, January 16th.

However, Ripple’s Chief Legal Officer stuart alderoty

stuart alderoty

stuart

FinanceLegal

revealed that the SEC refused a request to postpone the filing deadline, which is set for January 16th. Despite this, Alderoty expressed confidence in Ripple’s position, saying that the company looks forward to working with new SEC leadership to resolve the matter.

In a tweet, Alderoty shared his frustration, stating that the SEC’s refusal to delay the filing was a waste of time and taxpayer dollars.

On January 20, Gensler’s war on crypto ends at the SEC. We asked the SEC to agree to postpone the filing of their opening brief in their appeal of our victory (current deadline Jan 15) – and they refused. What a waste of time and taxpayer dollars,

He Wrote.

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Leadership Shift at SEC Fuels Optimism

For the unversed gary gensler

gary gensler

Gary Gensler is a pioneer and the current chair of the U.S. Securities and Exchange Commission. He has extensive experience that spans Wall Street, government regulation, and an angel teaching about cryptocurrencies and blockchain at MIT. Gary S. Gensler was on born October 18, 1957, in Baltimore, Maryland.He graduated from Pikesville High School in 1975, where he was later given a Distinguished Alumnus award. He also earned a degree in economics.Gensler served in the United States Department of the Treasury as Assistant Secretary for Financial Markets from 1997 to 1999, then as Undersecretary for Domestic Finance from 1999 to 2001He has expressed his desire to present crypto-related approach changes later on that include token commitments, decentralized finance, stablecoins, guardianship, exchange-traded resources, and advancing stages.

Chairman

the current SEC chair, will step down on January 20th, with his successor, Paul Atkins, expected to reassess many of Gensler’s actions. Ripple CEO brad garlinghouse

brad garlinghouse

Brad Garlinghouse is the CEO of the financial technology company Ripple Labs, he is an extremely popular name across the global crypto landscape. He has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. He joined Ripple as COO in April 2015, answering to the CEO and prime supporter, Chris Larsen. He was elevated to CEO in December 2016. Initially, he worked at AOL and Yahoo! From 2003 to 2008, he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo! Courier divisions. While at Yahoo!, he wrote an inner update known as the “Peanut Butter Manifesto,” requiring the organization to zero in on its core business instead of extending itself excessively far, much like peanut butter.
Details:
Organization: RippleLocation: United StatesEducation: MBA from Harvard Business School and BA from The University of KansasSkills: Venture capital and Startups
Experience:
CEO at Ripplefrom from Jan 2017 – Present ·President and COO at Ripple logo from Apr 2015 – Dec 2016Board Member at Animoto from 2012 – Dec 2017Tonic Health, an R1 company logoBoard Member at Tonic Health from 2011-2016Board Member at Ancestry from 2013 – 2016CEO at Hightail from May 2012 – Sep 2014
FAQs
Who is Brad Garlinghouse?The CEO of Ripple, a financial technology business that specializes in blockchain technology and the cryptocurrency XRP, is Brad Garlinghouse. He has played a significant role in advancing cross-border payments using blockchain technology.What is Brad Garlinghouse’s role at Ripple?Garlinghouse is in charge of Ripple’s expansion and strategic direction in his capacity as CEO. Ripple has concentrated on using blockchain technology to enhance international payment networks under his direction.

EntrepreneurInvestorChief Executive OfficerBoard Member

also weighed in, criticizing Gensler’s approach and dismissing his actions as a failed regulation-by-enforcement strategy.

The exit of Gensler and the anticipated entry of Paul Atkins, a pro-crypto nominee, has led many to hope for a more sensible approach to crypto regulation. Ripple’s legal team remains optimistic and is confident that the appeal process will ultimately result in a positive outcome for the company.

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