No Settlement? SEC Wants to Extend Discovery in Ripple Case

The U.S. Securities and Exchange Commission is asking Federal Judge Analisa Torres for a 60-day discovery extension in the Ripple case.   

The agency has already conducted two day-long depositions and witness interviews. It claims that it needs additional time for eight remaining depositions. As reported by U.Today, is also seeking an order to depose six more witnesses.  

In addition, the regulatory watchdog needs more time to obtain and review Ripple’s document before the aforementioned depositions take place.  

In the SEC’s view, granting the two-month extension is “the most fair and efficient way” to address the remaining discovery issues: