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Daubert Motion Deadline Extended for Both SEC and the Ripple, as the Court Grants Parties’ Latest Joint Motions




In what is the most recent development in SEC-Ripple lawsuit, the federal court has granted the joint motion to extend the daubert motion deadline. Now that the deadline has been extended to January 13th, 2023, both the parties have got some extra time to redact documents.

Under the daubert motion, the parties are allowed to exclude certain parts of the documents they intend to submit with the court as evidence. The development was made public by Ripple lawyer and former federal prosecutor James K. Filan.

Another crucial event that took place in the lawsuit, almost a week ago, is that the representative of Ripple’s Founder in the lawsuit withdrew herself from rge proceedings as the lawyer is no longer associated with the law firm hired by the CEO Garlinghouse.

It is notable that the SEC had filed a lawsuit against Ripple for allegedly selling $1.38 billion worth of XRP tokens as securities without getting the asset registered with any of the appropriate agencies.

As for the current state of the lawsuit, it is projected to be decided by mid 2023. Currently, Ripple seems to have a clear edge over the agency. However, there is still much to be discussed and evaluated.

Further, currently trading at $0.34, Ripple’s native XRP is down 9% over the week. With Bitcoin still trading below $17k, further losses may come if the premier cryptocurrency goes downwards. As for XRP, particularly, the coin has a support at $0.34 and $0.32. Whereas, on the upside, XRP faces resistance at $0.35 and $0.36.

Gracie Perez is a part of RippleCoinNews team since we started. she holds a degree in Computer Sciences. From 2017, She has pivoted her career towards blockchain technology, with principal interest in writing Cryptocurrency news and different guides. She is also working with different online media outlets.

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