Stuart Alderoty, Ripple Labs’ chief legal officer, criticized the SEC and wrote that the company will file its response to the SEC’s motion next month.
The crypto exchange had petitioned for clear rules on digital assets, and the agency rejected the petition in December. Coinbase isn't taking no for an answer.
In May 2023, the SEC settled charges with Ishan Wahi and Nikhil Wahi in what it has called the "first-ever insider trading case involving cryptocurrency markets."
Bankman-Fried's lawyers objected to the Presentence Investigation Report (PSR) which recommends a sentence of 100 years in prison calling it "grotesque."