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The latest developments in the XRP lawsuit witnessed consecutive decisions in favor of the defendants, that have cleared up the former speculation against Judges’ bias towards the SEC in the case. The court granted amici curiae status to Pro- Ripple Attorney, John E Deaton, along with six Movants holding aligned interests with that of the XRP community. This was followed by two move approvals, granting Ripple’s appeals to extension in both, SEC telephone conference appeal to seek a protective order, as well as the plaintiff’s letter motion compelling discovery of audio-visual data for Ripple’s internal meetings.
Motion granted in a Text Only Order.
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) October 4, 2021
Motion granted in a Text Only Order.
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) October 4, 2021
SEC unjust motions that cause upheaval
The judges had received considerable backlash for the court’s invalid and unfair support of the SEC’s hypocritical actions. The crypto community was raging with the sentiments of unjust decision-making on part of the court as the SEC kept filing motions that would let the commission withhold evasive information. Meanwhile, the plaintiff pressured the defendants through more filings to make extensive discoveries, that the defendants claim is irrelevant to the case.
The commission recently filed an appeal for a telephone conference, seeking a protective order under FRCP 26(c)(1), relieving the plaintiff of any obligation to respond to the 29,947 requests for admission, totaling over 5,000 pages from Ripple in the final six hours of fact discovery on August 31. The commission asserted that the defendants’ requests are “disproportionate” and that the process of responding would pose a “crushing burden” on the plaintiff.
#XRPcommunity #SECGov v. #Ripple #XRP SEC requests telephone conference in order to seek a protective order relieving the SEC of any obligation to respond to 29,947 requests for admission from Ripple claiming responding would be too burdensome. pic.twitter.com/ssMs0XNnHu
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) September 30, 2021
However, following the telephone conference request, the SEC also appealed for a pre-motion conference to order motion, compelling Ripple for “reasonable” discovery of “relevant” video & audio-taped recordings of internal Ripple meetings where Garlinghouse, Larsen & other key employees spoke on topics pertinent to disputes in the lawsuit.
#XRPCommunity #SECGov v. #Ripple #XRP SEC requests conference & order compelling Ripple to search & produce video & audio-taped recordings of Ripple meetings where Garlinghouse, Larsen & other key employees spoke on topics relevant to disputes in lawsuit.https://t.co/DejdauSaqr
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) October 2, 2021
The court permits a pro-Ripple attorney to ask brief questions
The Amici curiae status granted to Attorney John E Deaton offers the opportunity to ask brief questions on behalf of Individual Movants related to the XRP lawsuit. While the SEC asserted that XRP is a security, and further accuses the defendants of violating the Securities Act by selling these digital assets. The Movants object to SEC’s argument, asserting that if XRP is a security and its sales are marked as illegal, then the entire XRP community is put at the stake of a lawsuit for trading unregistered securities.
🚨BREAKING: Judge Torres grants amici status to @JohnEDeaton1 and Movants, and Denies Motion to Intervene in @Ripple v. @SECGov
ADDED to our Document Library:
✅Text of the Order from Judge Torres 👇https://t.co/4YLiv5V0kL— CryptoLaw (@CryptoLawUS) October 4, 2021
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