Ripple vs. SEC Lawsuit Ruling Could Come Tonight; Tips Lawyer

XRP News: The long-running legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs has received a new ruling on March 6, 2023. US District Judge Analisa Torres has issued a long-awaited ruling on the parties’ motions to exclude expert testimony in the XRP lawsuit. However, the most important question remains when the court will announce the summary proceedings?

XRP Lawsuit Ending?

Lawyer John Deaton, Amicus Curiae or Advocate of XRP Holders in Ripple vs SEC Lawsuit explained his expectations for the long awaited Summary Judgment from here. The lawyer stated that he seriously doubted that the court would delay much from here. He added that the summary proceedings could be tonight or in a few weeks.

Coingape reported that Ripple appears to be gaining the upper hand in the lawsuit, displaying the latest court orders. However, the court granted the SEC and Ripple’s motion in part. Read more XRP news here…

Fox Business journalist Eleanor Terrett said it’s important to note that the US SEC staff’s attorneys tried to ban XRP Holder’s attorney through Judge Torres. However, the court did not follow suit and ruled that expert Doody was not allowed to testify about the XRP holders.

Jury Trail in Ripple Lawsuit?

Per the orders, Judge granted Ripple’s motion to exclude Expert No. 1 (Patrick Doody) from testifying about the XRP buyer. However, US SEC previously hired Doody to analyze the expectations of token buyers in the case against Telegram. The commission won that case and its rejection in the XRP lawsuit is a good sign for Ripple.

It is important to note that Judge Torres has twice referred to “in court” in recent rulings. Is this an indication of her ruling on the summary proceedings?

XRP to $0.40? Judge Torres Denies SEC Motion to Exclude Testimony| Read more here…

Ashish believes in decentralization and has a keen interest in the development of Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching a thriller or exercising outside. Reach me [email protected]

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

Leave a Comment