The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues, with Ripple filing additional support for its motion to strike new expert materials and responding to the SEC's opposition to this motion.
After the SEC opposed Ripple's request to strike the declaration by its witness, Andrea Fox, Ripple's legal team filed a letter supporting its motion. They argued that the SEC failed to demonstrate that Fox's declaration constituted undisclosed expert testimony or that it was timely under the court's scheduling order.
Ripple's lawyers asserted that Fox is an expert because she uses specialized knowledge to analyze Ripple's records, third-party evidence, and expert reports, drawing conclusions and calculating various amounts based on her analysis.
They provided examples to demonstrate that Fox's declaration qualifies as expert testimony and accused the SEC of using wordplay to support its argument.
The deadline for the SEC to respond is approaching, set for May 6, 2024. Legal expert Bill Morgan predicts that Ripple will lose the motion but will be permitted to depose Fox, acknowledging that she provided some expert evidence.
Meanwhile, XRP, the token central to the Ripple v. SEC case, was trading at $0.54 at the time of reporting, showing slight gains for the day and week as it seeks to recover from losses incurred in the previous month.
May 2024, Cryptoniteuae