Ripple vs. SEC: Court Orders SEC To Rework On Its Responses
The SEC vs. Ripple case has been on for what seems like forever. Though the proceedings look inconsistent, the XRP community is well aware of all the developments that have been going on. The community members have been keenly observing who said what, what the filing was about, and what motions were rejected.
The motion was filed by prosecutor John Deaton and a group of XRP holders in March 2021. The filing was on a request for their intervention in the case proceedings. In October 2021, the judiciary rejected the appeal, but they gained amici status, allowing them to file friends of the court briefs.
This was followed by John Deaton filing another request in May to permit the filing of an amicus brief in reference to the opinions of SEC expert Patrick Doody. Now, the SEC has come forward to ask the court to cancel the amici status. One of the reasons for such a request from the SEC is that if this status is permitted, there would be a duplication of the defendant’s comments.
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The SEC, in a heavily redacted letter alleging threats against an expert, asks Judge Torres to revoke amici status granted to XRP Holders and to bar @JohnEDeaton1 from any further participation in the case.https://t.co/a3xVJyCs99— James K. Filan 🇺🇸🇮🇪 106k (beware of imposters) (@FilanLaw) July 19, 2022
Along with the amici status, there was another filing by the defendants to approve the Admission (RFAs) motion. The defendants appealed to the court to order SEC to modify its responses based on these RFAs and question the SEC speakers to cross-check its reliability.
Ripple further claimed that if the SEC says it doesn’t have adequate information to respond, then the agency should compulsorily file the reason for not admitting or denying the claims made.
Does Ripple Have The Upper Hand?
In response to what Ripple said, Judge Sarah Netburn has given her verdict- but in parts. The SEC was ordered to file the modified responses to one of its policies, employee reliefs, and other inquiries.
#XRPCommunity #SECGov v. #Ripple #XRP Judge Netburn has ruled on the dispute regarding the SEC's answers to the Ripple Defendant's Fourth Set of Requests for Admission. The original letter motion and the Court's ruling are below. https://t.co/C2QcALbo43 pic.twitter.com/IoAcp7UuL4— James K. Filan 🇺🇸🇮🇪 106k (beware of imposters) (@FilanLaw) July 19, 2022
According to the community member, the Judge is now slightly in favor of Ripple on the Fair Notice Defense front.
#XRP #XRPCommunity— Ashley PROSPER (@AshleyPROSPER1) July 19, 2022
Judge Netburn has released her order concerning Ripples RFA's. The order is granted in part. What's interesting is how she is pinning the SEC down re the Fair Notice Defense. @Belisarius2020 @freddyriz @attorneyjeremy1 pic.twitter.com/KVR3DFb4eJ
There is nothing to do but wait for the subsequent development in order to understand where the case is headed.