According to U.Today, U.S. District Judge Sarah Netburn of the U.S. District Court for the Southern District of New York has filed a scheduling order on Ripple's objection to new expert materials filed by the U.S. Securities and Exchange Commission (SEC). The SEC was given until April 29 to respond to the motion. Ripple will then have three business days to file its response. Ripple recently filed an opposition to the SEC's motion for remedial measures. The San Francisco-based company has asked the court to deny the agency's request for recovery and prejudgment interest. In addition, Ripple believes that the SEC's civil penalty should not exceed $10 million. However, the regulator hopes to obtain fines and penalties of approximately $2 billion. Ripple also proposed to withdraw the SEC's new expert materials, which include a statement and two supporting exhibits prepared by Andrea Fox, assistant chief accountant of the SEC's enforcement division. Ripple argued that it did not have the opportunity to conduct a deposition questioning of Fox and that reopening the remedial action discovery to conduct that deposition questioning would result in "costs and delays."

#Ripple