The U.S. Securities and Exchange Commission’s request for a 60-day extension of the discovery deadline in the Ripple case has been granted by Magistrate Judge Sarah Netburn.
The deadline to conduct fast discovery will now be prolonged to Aug. 31. Expert discovery will last until Oct. 15.
As reported by U.Today, the SEC asked the judge for the extension earlier this month in order to address the remaining discovery issues in a “fair and efficient” way.
The request was vehemently opposed by Ripple, which claimed that delaying the litigation process would pose “an existential threat" to its business in the U.S. Particularly, the company mentioned that On-Demand Liquidity, its cross-border payment product, couldn’t work efficiently in the U.S. because of exchanges desilting XRP or suspending trading: