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The Ripple defendants file their opposition to the SEC’s request for a telephone conference


HAL1000

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https://financefeeds.com/ripple-calls-negligence-sec-seeks-1-38-billion-xrp-lawsuit/#.YWAIuq8vGH8.twitter

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The SEC argued that answering the RFAs was burdensome as it spent more than 100 hours responding to only 254 requests. This is about 24 minutes for a ‘yes or no’ question. The agency wants to make sure it is giving the right answer as the answers are under oath and can be used against them in court

there are 30,000 request!  That's over 700 hours.  But Ripple are right, they need to decide which contracts are deemed relevant to the case.  So far SEC have not even pointed to one

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“The SEC argued that answering the RFAs was burdensome as it spent more than 100 hours responding to only 254 requests. This is about 24 minutes for a ‘yes or no’ question. The agency wants to make sure it is giving the right answer as the answers are under oath and can be used against them in court”

Perhaps the SEC should  have thought about the burden it has put on every one else, and realised that it would receive some similar burden back, before it brought this nonsense of a case.

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