News

Ripple Accuses SEC Of Adopting An Extreme Approach On Expert Reports

Ripple Accuses SEC Of Adopting An Extreme Approach On Expert Reports

The U.S. Securities and Exchange Commission has been charged by the defendants in the Ripple case for adopting a “extreme approach” on expert reports. They claim that the plaintiff is attempting to silence any “substantive criticism” in a letter they just sent to Judge Analisa Torres.

Attorney John Deaton of the Deaton Law Firm sent a motion letter to the judge in late May asking for permission to submit a brief on behalf of thousands of XRP holders.

The action was taken shortly after Patrick B. Doody, the SEC’s expert witness, finished writing reports on the factors that led XRP holders to buy the contentious coin.

Deaton has stated that he intends to submit a Daubert motion to prevent the use of unqualified evidence.

The request was “big,” according to Hogan & Hogan attorney Jeremy Hogan, since removing the expert would make it more harder to establish the case.

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 sealed, reasoning that the agency was attempting to seal more information than was required. To protect the expert witness from “further threats” and “harassment,” the SEC filed its suggested redactions on June 15.

“But no expert witness should expect to be subjected to a campaign of humiliation, harassment, or threats simply by agreeing to act as an expert witness,” the SEC argued.

The government, according to the defendants, is attempting to “suppress public criticism of its experts’ opinions,” they argue.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

ripple ripple ripple

Victor

Recent Posts

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

16 mins ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

2 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

3 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

6 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

9 hours ago

This website uses cookies.