NewsletterXRP Lawsuit: Another Win For Ripple? Judge Partially Reject SEC’s Request
XRP Lawsuit News: Analisa Torres, District Judge issued an order over the Daubert Motions in the XRP lawsuit. The decree is regarding the parties’ Motion to seal documents in connection with the Expert Challenges. However, the verdict around Summary Judgement is still pending.
Judge accepts Ripple’s motion in XRP lawsuit
As per the order, the U.S. Securities and Exchange Commission (SEC) was seeking a ruling to seal and redact certain documents deposited by the parties to exclude expert testimony. The commission in its request mentioned that its proposed redactions aim to protect the identity of the expert witnesses.
Ripple and the defendants were also seeking an order directing the redaction of such portions. They stated that their redaction aims to protect Ripple’s confidential business interests and the legitimate privacy interests of third parties. The defendants asked the court to argue that the revelation of their details could directly result in major damage to their negotiation position in future deals. This can directly lead the competitors to adjust their sales plans and pricing policies.
While, non-parties MoneyGram International, Inc asked the court to the redaction of portions of certain details to protect their own private business information.
Read More: Coingape reported that Brad Garlinghouse, Ripple CEO’s counsel has filed to withdraw from the XRP lawsuit. Attorney Nicole Tatz stated that she will no longer be linked with the law firm.
Court accepts SEC motion but….
Judge Analisa Torres, partly granted the motions of the SEC in the XRP lawsuit. The order stated that the court denies the commission’s request to redact the names of the consulting firms which helped its expert witnesses. While it grants the watchdog’s appeal to redact the documents deposited in link with the Daubert Motions.
However, the judge granted the defendants’, MoneyGram and third party motions. While it ordered the official to terminate the pending motions.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Peter Brandt Predicts Bitcoin Crash to $58K as Crypto Market Sell-Off Deepens
- FOMC Minutes: ‘Many’ Fed Officials Oppose Further Rate Cuts This Year, Bitcoin Falls
- Breaking: Bitwise XRP ETF Set To Launch Tomorrow, Bloomberg Analyst Confirms
- Breaking: December Fed Rate Cut Odds Fall as BLS Cancels October Jobs Report
- Strategy’s S&P 500 Bid Still Alive Despite MSTR Plunge Below Bitcoin mNAV
- Is Binance Coin Price at Risk of a Breakdown After this Bearish Pattern Formation?
- Chainlink Price Poised for a 30% Surge After TAO Ventures Joins Rubicon Launch
- HBAR Price at Risk of a 30% Dive as ETF Inflows Dry, Open Interest Falls
- Dogecoin Price Eyes Recovery Above $0.20 as Whales Scoop Up 27.4 Billion DOGE.
- FUNToken Price Shows Bullish Accumulation in a Weak Market : Time to Invest?
- Why Are CRO, STRK & MYX Prices Up Today?
