NewsletterRipple Vs SEC Lawsuit Ruling Could Come Tonight Says XRP Lawyer
XRP News: The long running legal tussle between U.S. Securities and Exchange Commission (SEC) and Ripple Labs received a fresh ruling on March 6, 2023. U.S. District Judge, Analisa Torres issued a much anticipated Ruling on the Parties’ Motions to preclude expert testimony in the XRP lawsuit. However, the main question here still remains when will the court announce the Summary Judgment?
XRP Lawsuit Coming To An End?
Attorney John Deaton, Amicus Curiae or XRP holders’ lawyer in Ripple vs SEC lawsuit laid out his expectations for the awaited Summary Judgment from here. The lawyer stated that he seriously doubt that the court would do a much delay from here. He added that the Summary Judgment could be tonight or in a couple of weeks.
Coingape reported that Ripple seems to be gaining the upper hand in the lawsuit, depicting the latest court orders. However, the court granted the US SEC and Ripple’s motion in part. Read More XRP News Here…
Eleanor Terrett, Journalist at Fox Business mentioned that it is important to note the US SEC staff lawyers tried to ban XRP Holder’s lawyer through Judge Torres. However, the court didn’t follow up with the agency and ruled that expert Doody shouldn’t testify about the XRP holders.
Jury Trail In Ripple Lawsuit?
As per the orders, Judge granted Ripple’s motion to exclude expert No. 1 (Patrick Doody) from testifying about the XRP purchaser. However, US SEC earlier hired Doody in order to analyze the expectations of token buyers in the case against Telegram. The commission won that case and his rejection in the XRP lawsuit is a good sign for Ripple.
It is important to note that Judge Torres has referenced “at trial” twice in the latest rulings. Is this an indication of her ruling around the Summary Judgement?
XRP to $0.40? Judge Torres Denies SEC Motion to Exclude Testimony| Read More Here…
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
- 8 Best Crypto Exchanges That Accept PayPal Deposits and Withdrawals
- Jerome Powell Speech Today: What To Expect as Fed Ends QT
- Tom Lee’s BitMine Acquires 96,798 ETH Ahead of Ethereum Fusaka Upgrade
- Schiff Predicts ‘Beginning of the End’ for MSTR as Strategy Eases Bitcoin Sell-Off Fears With $1.44B Reserve
- Bitget Launches MONAD Earn With 20% APR, 800K MON Airdrop Campaign
- Dogecoin Price Below $0.15 as Crypto Market Crashes: Will $0.10 Hold?
- Will the Binance Coin Price Rebound as a Key RWA Metric Jumps 99%
- AVAX Price Prediction After Bitwise Files for a Staking ETF — A Rebound Coming?
- Will Chainlink Price Soar to $20 with U.S. Spot ETF Launch?
- Is Pepe Coin Price at Risk After Forming This Bearish Pattern?
- Bitcoin Price Drops to $87K in a Rapid Crash: What Sparked the Sell-Off?
