SEC wants to prevent XRP holders from assisting the court


Alex Dovbnya

The SEC has asked the court for an extension of time to object to XRP holders’ request to participate in the briefing process

The US Securities and Exchange Commission has informed that court that it intends to object to an amici request for consent from XRP holders.

It is asking Judge Analisa Torres for a postponement until June 7 due to the upcoming vacation and other briefing deadlines. Defendants and counsel for amici curiae have no objection to the request, so the court will most likely approve it.

As reported by U.Today, attorney John Deaton’s request to intervene was denied in October. However, the court has granted amici status to six XRP holders, allowing them to assist the court.

Earlier this May, Deaton asked the court to write a letter on behalf of other community members affected by the lawsuit.

The move was in response to testimony from expert SEC witness Patrick Doody, whose report aims to explain what motivated XRP holders to purchase the token.

XRP holders claim that “it’s pretty hard to imagine” a more pertinent issue that justifies their participation in expert testimony briefing. Their participation will contribute to a “full and plenary presentation” of the issues involved.



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