Attorney James K. Filan has tweeted that Ripple has filed an objection to the SEC's request to extend the deadline for discovery in the Ripple case by two months.
"SEC's request poses 'an existential threat' to Ripple's business"
As reported by U.Today previously, on June 3, the regulatory agency officially asked the federal judge for a 60-day extension of discovery in Ripple's case.
The SEC claims it needs more time to depose more witnesses on the case (it has already deposed and interviewed witnesses, which took two days). Thus, it is requesting another two months to complete that.
Ripple's lawyers have filed a note of objection to the judge, saying that this is not a good enough reason to change the discovery schedule. Besides, if the court grants this extension, this would be prejudicial to Ripple since the SEC misstates the reason for this delay.