Expert Says Time Is Not on SEC’s Side in Ripple Case – Parofix

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Expert Says Time Is Not on SEC’s Side in ripple Case



Dizer Capital Yassin Mobarak explains why time is of the essence in the SEC’s ongoing legal battle with Ripple.


SEC v. The Ripple case continued to attract reactions from leading crypto enthusiasts and legal experts.


SEC v. Fluctuation


For context, the SEC filed a motion regarding remedies, asking the court to compel Ripple to prepare its audited financial statement and respond to an interrogatory.

In response, the popular crypto payment firm filed for an extension. He asked the court to extend the deadline for its response to the SEC’s request by two business days. In particular, Ripple wants the deadline to be extended from January 17 to January 19.

Surge Using Delaying Tactics


Responding to Ripple’s request, Dizer Capital founder Yassin Mobarak said: “Let the delay games begin.”

Let the delay games begin. This time it’s from Ripple, which I think is smart. Time is not on the SEC’s side.

— Yassin Mobarak

(@Dizer_YM) January 12, 2024

The expert believes that Ripple’s move to extend the deadline could be a way for the company to use delay tactics to ensure the legal fight continues.

As a result, he emphasized that the SEC currently has limited time in the legal fight. The expert said in a follow-up tweet that the Securities and Exchange Commission is about 6-9 months away from the upcoming U.S. “the reality of the election cycle adds itself.”

He predicted that SEC Chairman Gary Gensler may no longer chair the commission after next year’s election. Gensler’s dismissal SEC v. Ripple case, especially if it is replaced with a pro-crypto regulator. According to Mobarak, delays in the case will result in Ripple’s favor.

Time is of the essence for @SECGov. They have 6-9 month peaks before the reality of the election cycle sets in. Most likely, Gensler will not be SEC chairman next year.

For a change, delays will work in Ripple’s favor.@s_alderoty @bgarlinghouse

— Yassin Mobarak

(@Dizer_YM) January 11, 2024

Until now, the SEC has been seen as the party using delaying tactics to delay resolution of the years-long legal battle. In the early stages of the case, the SEC filed several motions asking the court for an extension of time.

However, Mobarak believes that Ripple is now the party using delaying tactics to drag out the case into the election season.

Meanwhile, the court has already issued its planning decision on remedies. According to the decision, the SEC will submit the final proposal in the resolution phase on April 29, 2024. As previously reported, pro-XRP lawyer Fred Rispoli predicted that the court would make its decision in early summer.

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