According to the court documents submitted on December 23, the plaintiff, the U.S. SEC, and the defendants Payward Inc and Payward Ventures (collectively known as Kraken) have submitted a joint proposed order.
Kraken states that the parties have submitted a joint statement regarding discovery disputes, involving the SEC's requests for three categories of documents concerning Bitcoin and Ethereum, the SEC's public statements and testimony regarding digital assets, and the SEC's opposition to internal trading policies on digital assets.

In November, the court referred the discovery dispute in this case and all further discovery to Magistrate Judge Robert M. Illman. Subsequently, Magistrate Judge Illman denied Kraken's request to compel discovery. However, the exchange believes 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 under the order, and both parties plan to meet and negotiate on this issue. Overall, the SEC and Kraken have agreed to extend the deadline to object to the order until March 31, 2025, to discuss further extensions.
Matthew C. Solomon, a partner at the law firm Clearly Gottlieb, submitted a testimony defending Kraken, stating that the evidence in this document is crucial. He has previously successfully defended Ripple CEO Brad Garlinghouse. (CoinGape)

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