SEC Wants The Court To Revoke XRP Holders’ Amici Status
The U.S. Securities and Exchange Commission has asked the court to revoke the amici curiae status granted to holders of the XRP cryptocurrency.
A group of XRP holders, led by attorney John Deaton, filed a motion to intervene in the case in March 2021. Although their attempt to intervene in the case was rejected by the court last October, they were granted amici status. This allowed XRP holders to file “friends of the court” briefs.
Deaton asked the court in May to file an amicus brief in support of the SEC’s expert
According to the SEC, the movers’ proposed brief would simply “duplicate” the defendants’ efforts. Furthermore, the SEC has stated that Daubert motions, which seek to prevent the presentation of expert testimony, are not dispositive motions. Ripple recently accused the agency of taking “an extreme position” on expert reports, and of attempting to suppress “substantive criticism.”
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.
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SEC Wants The Court To Revoke XRP Holders’ Amici Status
The U.S. Securities and Exchange Commission has asked the court to revoke the amici curiae status granted to holders of the XRP cryptocurrency.
A group of XRP holders, led by attorney John Deaton, filed a motion to intervene in the case in March 2021. Although their attempt to intervene in the case was rejected by the court last October, they were granted amici status. This allowed XRP holders to file “friends of the court” briefs.
Deaton asked the court in May to file an amicus brief in support of the SEC’s expert
According to the SEC, the movers’ proposed brief would simply “duplicate” the defendants’ efforts. Furthermore, the SEC has stated that Daubert motions, which seek to prevent the presentation of expert testimony, are not dispositive motions. Ripple recently accused the agency of taking “an extreme position” on expert reports, and of attempting to suppress “substantive criticism.”
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
Annie
CoinCu News
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