Ripple Rises to the Challenge: Sur-Reply Granted to Set the Record Straight In a significant win for Ripple, Judge Sarah Netburn has given the green light for a sur-reply,
granting the blockchain company an opportunity to correct what it believes is a
"factual mischaracterization" by the SEC.
Defense attorney
James K. Filan took to X (formerly Twitter) to share the news, stating that the motion for a sur-reply has been
successfully approved.
This development comes on the heels of Ripple's previous attempt to submit
an additional response in light of the SEC's motion to compel, as the cross-border payment network continues its legal battle.
In their court filing,
Ripple's legal team emphasized the importance of this sur-reply, stressing its role in setting the record straight and ensuring that
accurate information guides the court's decision-making process.
Moreover, Ripple's defense challenged the SEC's assertion that producing post-compliant institutional sales contracts
would not be burdensome. The defendant maintains that this claim is
simply untrue, having previously expressed concerns about the potential strain of such a request.
As Ripple takes another step forward
in its legal journey, all eyes are on how this sur-reply will help shape
the narrative and potentially influence the outcome of this closely watched case.
