To Ripple’s Daubert motion, US Securities and Exchange Commission files no objection.
In a rather unusual turn of events, the US Securities and Exchange Commission (SEC) has filed not objection to Ripple’s Daubert motion. Daubert motion effectively seeks to exclude testimonies of expert witnesses. In the motion Ripple has requested the court to seal the identities of firm’s officials and employees.
Earlier last week the court had granted SEC to file upto a 90 pages reply to Ripple’s motion. In the reply SEC raised no objection. However, the agency did note that their no objection is not for the summary judgement as well. SEC stated that they reserve the right to object any similar motion involving summary judgement as the agency wrote:
“the SEC does not concede that the above categories of information should properly be sealed for summary judgment briefing”
Earlier this month the agency had filed a motion in support of its argument against the court decision, that saught SEC to disclose documents relating to William Hinman’s 2018 speech. It is notable that since the beginning of the case SEC’s former official William Hinman’s 2018 speech has been a major bone of contention between the parties.
While the defandat argues that Ripple was not provided with fair notice, the agency seeks to, somehow, exclude Hinman’s speech.
Moreover, currently trading at $0.32 Ripple’s XRP is down 2.8% in the day and 3.4% over the week. The premier cryptocurrency Bitcoin has recently been retesting the bottom as it remains below $20k for the past 3 days. This has adversely affected almost every single coin in the market. But in a way it is not that bad as once Bitcoin finally hits the bottom, the coin will abruptly jerk upwards.
Bitcoin Remains Below $20k, Despite the Hash Rate Hitting an All Time High
Prediction: XRP to Explode by 50% as the SEC-Ripple Lawsuit Nears Conclusion
What Is Boardroom Software and What Are the Best Applications Available in the Market?
As the Euro and Pound Plummets to Historical Lows, People are Putting their Money into Crypto
XRP Soars High as Ripple Gains Huge Victory in the Ongoing Lawsuit
Recent Press Release
Preparations For Amulet Mainnet Launch Underway As Launch Date Gets Announced
The Amulet mainnet launch has officially been scheduled for 29th September, 2022. The team unveiled Amulet back in April along...
Yida Gao: Investing in Crypto and Blockchain Industries
Yida Gao has found a ton of success early on with Shima Capital. After launching in 2021, they have over...
Understand the highly volatile nature of bitcoin
The crypto market is highly evolved, and therefore, it has means for everyone to make money. If you have a...
Reasons why people must invest in bitcoins and another crypto!
Bitcoin has been the imperial digital token for ages now. Everyone knows about it, and everyone wants to invest in...
Things to learn when choosing between bitcoin & Dogecoin
When you are about to enter the cryptocurrency market, you are going to get a lot of choices. Of course,...