The notorious case of Ripple against the SEC might get pushed once again due to a new pandemic

According to Fox Business journalist Eleanor Terrett, Ripple lawsuit against U.S. Securities and Exchange Commission (SEC) could be pushed back for another month.

The blockchain giant Ripple vs. SEC might be pushed back one month

As Terret reports, the case may receive a different response due to the delay in specialist detection deadlines. The pushback is tied to the new pandemic (new variant) in the U.S. and Europe.

Ripple was one of the few companies seeking regulatory clarity over their operations, but the SEC prevented this. The company’s defense was built on the premise that the commission failed to notify the company of its violation of federal law. In addition to the delay in the case, a source close to Fox Business said that the new petition would go to court tomorrow.

The crypto company is accused of illegally selling $1.3 billion worth of tokens, which the SEC considers unregistered securities. The company’s CEOs and co-founders, Brad Garlinghouse and Chris Larsen act as defendants in the case.

The defendants have also claimed that the regulator allowed other cryptocurrencies to be free by not marking them as securities. Due to increased risks around Ripple, XRP lost more than 60% since the ATH in April of 2021.

The case became an exemplary “Government v. Crypto” trial. As Ripple’s lawyers have suggested, the lack of clarity is one of the main problems that could become a significant problem for the industry’s interaction with government regulators like the SEC.

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