The U.S. Securities and Exchange Commission (SEC) is asking Judge Sarah Netburn to extend the time frame for Ripple’s recent move to force Bitcoin, Ethereum and Ripple-related documents to be produced by June 11. This was reported on the 7th (local time) by YouTube.
In the background, the SEC has so far argued that XRP is an unregistered security unlike Bitcoin (BTC) or Ethereum (ETH), which are commodities, but “information between BTC, ETH, and XRP by the SEC” Since there has been some continued refusal to disclose evidence, Ripple requested the disclosure of evidence again on the 4th.
The SEC applied for an extension of the deadline with “until June 11” in this document. It also explains that Ripple’s consent is being obtained.
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.