The SEC and Ripple have agreed on a schedule for briefing the motions to dismiss filed by Garlinghouse and Larsen.
According to attorneys for the Ripple chiefs, both parties have “reached an impasse” on several issues, which is why they are requesting the filing of a new brief.
The legal battle between the US Securities and Exchange Commission (SEC) and Ripple continues to pick up steam. No less than four documents were published yesterday via CourtListener. One of them revolves around the schedule for the briefing of the motions to dismiss filed by Chris Larsen and Bradley Garlinghouse.
As CNF reported, both Ripple CEOs have each filed a letter stating their intention to file a motion to dismiss the SEC’s amended complaint against them. Just three days ago, the SEC denied those motions to dismiss based on “scienter liability.” According to the SEC, the two Ripple executives had “avoided knowing that XRP could be found to be a security” in order to profit financially.
