The US Securities and Exchange Commission (SEC) and the fintech company Ripple on Monday submitted a joint statement, according to which the parties do not see the possibility of an out-of-court settlement of the current proceedings. The SEC filed a lawsuit against Ripple in December, accusing the company of selling more than $ 1.3 billion in unregistered securities in the form of an XRP token.
In the letter, the parties informed the court that they had discussed ways to resolve the dispute, but could not come to a joint decision. At the same time, they noted that the negotiations took place during the Trump presidency. Since then, there have been significant changes in the leadership of the SEC. The document also sets out the principles for the exchange of evidence in advance of the scheduled hearing at which it is to be presented.
The SEC said it is trying to get five readings in excess of the established rate of ten on charges that “Ripple and [ее председатель Крис] Larsen received two legal notices about the risk of XRP being recognized as an “investment contract” and therefore a security under federal law. ”
Ripple, for its part, refuses to comply with the demand, citing attorney privileges and “inappropriate and missing legal justification”. The SEC has admitted that it will seek the disclosure of relevant information in court.
The preliminary hearing in the SEC case against Ripple is set for February 22. The SEC expects to file the first amendments to the claim by February 19, at the same time, the period for familiarizing the defendant with the plaintiff’s materials will be extended until August 16.
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