Odaily Planet Daily News: According to court documents submitted on December 23, the plaintiff, the U.S. SEC, and the defendants Payward Inc. and Payward Ventures (collectively referred to as Kraken) have submitted a joint proposed order. Kraken stated that the parties submitted a joint statement regarding discovery disputes involving SEC's requests for three categories of documents related to Bitcoin and Ethereum, SEC's public statements and testimonies regarding digital assets, and SEC's objections to internal trading policies regarding digital assets. In November, the court referred the discovery dispute in this case to Magistrate Judge Robert M. Illman. Subsequently, Magistrate Judge Illman denied Kraken's request for a compelled discovery. However, the exchange believes that these documents are relevant to the case. According to Rule 72(a) of the Federal Rules of Civil Procedure, the deadline to object to the order is December 30, but Kraken intends to resubmit a narrowed discovery request based on the order, and both parties intend to meet and negotiate on this matter. Overall, the SEC and Kraken have agreed to extend the deadline for objections to the order until March 31, 2025, to discuss further extensions. Matthew C. Solomon, a partner at the law firm Clearly Gottlieb, submitted testimony defending Kraken, pointing out that the evidence in this document is crucial. He had previously successfully defended Ripple CEO Brad Garlinghouse. (CoinGape)

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