For those who own XRP, the victory over keeping their Amici status is a huge relief. Judge Torres refused the SEC's request for the Amici status to be revoked. In addition, Judge Torres has disqualified lawyer John E. Deaton from participating in subsequent hearings.

The letter states that "Amici can't participate in the expert challenge now but may file an application to brief concerns with the SEC's expert at the summary judgment." A defense attorney and official federal prosecutor, James K. Filan, shared the most recent <a href="https://www.cryptoknowmics.com/news/ripple-general-counsel-slams-sec-once-again-over-crypto-regulation/" target="_blank" rel="noopener">Ripple</a> vs. <a href="https://www.sec.gov/" target="_blank" rel="nofollow noopener">SEC</a> case update.

The deadline for submitting uncontested fact reports and motions for summary judgment is September 13, 2022. The plaintiffs asked for the amici status to be withdrawn in a letter to Judge Torres. Additionally, the SEC added,
<blockquote><em>"Movant's Motion should be denied and pursuant to the Court's broad discretion to permit or deny the appearance of amici. Deaton should be barred from making additional filings or otherwise participating in this case. The SEC may seek further relief from the Court in the light of Deaton's and his followers' recent conduct."</em></blockquote>
<h2>Judge Torres' Ruling "Fair and Just"</h2>
John Deaton responded favorably to this choice because he believes the neighborhood should respect and honor it. Deaton also stated that during the discovery period, Judge Netburn's ruling was impartial and fair.

The attorney also claimed that Oakland token holders had produced an expert study without the commissioners' objecting. Their XRP holders rebelled against Ripple, which is what triggered it.

One XRP investor said,
<blockquote><em>"This is a win for sure. Although J. Torres denied Amici's request for Daubert's participation, the same purpose will be achieved by SJ's participation. And although she implicitly denied access to Doody's report, the SEC already lost that issue re: Daubert motion redactions."</em></blockquote>
Some members of the community have remarked that although Judge Torres' denial of the motions has produced problems for those who own XRP, it is still a victory because the amici status has been upheld.

Judge Torres Refuses SEC's Request, XRP Retains Its Amici Status

For those who own XRP, the victory over keeping their Amici status is a huge relief. Judge Torres refused the SEC's request to revoke the amici status.

Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

Judge Torres Refuses SEC's Request, XRP Retains Its Amici Status

Top Picks