Ripple has File Additional Motion where it is Challenging the response of SEC to their RFA, also known as Request for Admission. The Defendants even argue that SEC purposely refused answering the questions which were raise by RFA. Here, Ripple, the famous blockchain company has filed the letter that supports the assertion about SEC deliberately offering deficient responses.
This is actually worth noting that development shared through James K. Filan, who is an attorney of former U.S. federal prosecutor. The Defendants file of Ripple with the reply letter for supporting their motion about deficiencies in response of SEC to Ripple Defendants’ 4th Set of for Admissions.
Blockchain Company – Ripple and it’s Filing!
The Defendants of Ripple file the reply letter in support of the motion. It is about the deficiencies in response of SEC to Fourth Set of Ripple Defendants and the Requests for the Admissions.
This comes the week subsequent to Ripple’s opposition of SEC challenged to a way. It responded to few questions that has in RFA document.
However, recall that SEC claimed not adequately respond for RFA questions. It lacked the adequate information and understanding for such matter.
Though, lack of information, as per SEC, prompted that not to confirm and not to deny few of questions that contained in RFA, particularly video featuring.
Supporting Motion of Ripple
Here, Ripple slammed SEC in latest motion, mentioning that SEC completely understands all questions which cited in document of RFA.
However, SEC also chose to deploy various tactics in the bid for avoiding answering many RFAs, says Ripple. This blockchain company has also highlighted few points backing the claim. SEC purposely chose never responding to many such RFA.
It may even be recalled that SEC ask court for denying the objection of Ripple.
