Key Developments in Ripple (XRP) vs. SEC Lawsuit: An In-Depth Analysis of the Ongoing Trial
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- Ripple is contesting the SECâs classification of the âFox Declarationâ as standard evidence in their ongoing legal battle, arguing that it is expert testimony.
- Speculations suggest a possible $100 million settlement in the case, which could potentially impact XRPâs value and the broader crypto market.
Ripple and the SEC are in a legal tussle over the classification of a key witnessâ testimony, with potential implications for XRPâs value and the broader crypto market.
Rippleâs Counterargument
The legal dispute between Ripple and the US Securities and Exchange Commission (SEC) has taken a new turn due to a disagreement over the testimony of a key witness, Andrea Fox. Ripple argues that the âFox Declarationâ is an expert opinion, while the SEC views it as standard evidence. The SEC maintains that the declaration includes information derived from Rippleâs own documents, which could be crucial in determining the caseâs outcome. Ripple recently filed a letter supporting its initial claim, arguing that the SEC failed to prove that the âFox Declarationâ is standard evidence and not expert testimony.
Expert Testimony or Standard Evidence?
Ripple insists that Foxâs testimony goes beyond basic arithmetic applied to Rippleâs financial records, as the SEC contends. Instead, it involves an analysis of Rippleâs records, third-party evidence, and expert reports, drawing inferences and conclusions from these documents. Ripple further argues that even if Fox could be classified as a summary witness, the SEC failed t... Read the full article for FREE at COINOTAG!
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