The U.S. Securities and Exchange Commission (SEC) has been charged by the defendants in the Ripple case with adopting an "extreme posture" on expert assessments. They assert that the plaintiff is attempting to silence any "substantive criticism" in a letter they recently sent to Judge Analisa Torres.

<a href="https://twitter.com/JohnEDeaton1?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="nofollow noopener">Attorney John Deaton</a> of the Deaton Law Firm submitted a motion letter to the judge in late May asking permission to submit a brief on behalf of thousands of <a href="https://www.cryptoknowmics.com/news/xrp-technical-analysis-xrp-usd-will-break-either-bullish-or-bearish-side-next-week/" target="_blank" rel="noopener">XRP</a> holders. The action was taken shortly after Patrick B. Doody, the SEC's expert witness, finished writing a report on the factors that led XRP holders to buy the contentious token. Deaton has stated that he intends to submit a Daubert motion to prevent the use of unqualified evidence. The request was "huge," according to Hogan &amp; Hogan's attorney Jeremy Hogan as removing the expert would make it much harder to prove the case.

https://twitter.com/FilanLaw/status/1546314854658629632
<h2>Court Dismissed SEC's Effort</h2>
On June 9, the court dismissed the SEC's effort to have its letter of opposition to the request from an amicus curiae to join the Daubert challenge, reasoning that the agency was attempting to seal more information than was required.

To protect the expert witness from "additional threats" and "harassment," the SEC submitted its suggested redactions on June 15. The defendants argued that the government was attempting to "suppress public criticism of its experts' opinions."

Ripple Defendants Accuse SEC For "Extreme Posture" On Expert Reports

The US Securities and Exchange Commission (SEC) has been charged by the Ripple defendants with adopting an "extreme posture" on expert assessments.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Ripple Defendants Accuse SEC For "Extreme Posture" On Expert Reports

Top Picks