February Will Be Important In The SEC And Ripple Case

February will be important in the SEC and Ripple case. Ripple investors are eagerly waiting for February.

The lawsuit between the US Securities and Exchange Commission (SEC) and Ripple has been going on for about a year and a half. Recently, new developments have emerged in the case. The SEC, which was the plaintiff in the lawsuit between the SEC and Ripple, submitted two motions to the court. The initial motion submitted by the SEC to court judge Sarah Netburn included extending the regulator's submission deadline from January 27 to February 17. The second motion was sent to Judge Analisa Torres. The motion, sent by the SEC to one of the judges of the case, Sarah Netburn, on January 21, was partially accepted. She was given until February 17th for the SEC to prepare its defense. After the SEC has made its defense, Ripple will also be given the right of reply. The deadline for Ripple's defense was set as February 25. The discovery process, which was previously stated as November 12, but was postponed to January 14 at the last moment and finally decided on February 28, is also coming to an end. After the defenses are made, the reconnaissance process will be finished as of February 28. As previously stated, Judge Netburn said that one of the former executives of the SEC, William Hinman, had conversations about Ethereum (ETH) delivered to Ripple in 2018.