How this development in the Ripple vs SEC case sent XRP prices rallying

ambcrypto.com:

XRP, the native token for Ripple witnessed a fresh jolt of freshness in its price. At the time of writing, XRP saw a 1.5% surge as it traded above the $0.4 mark. Even though it wasn’t a significant surge, but could indeed help the cause. But what led to this?

The litigation between the U.S regulatory board (SEC) and the San Fransico based fintech firm (Ripple) has been witnessing different filings every day. But there’s one attribute that continues to align or follow the same trend – the Plaintiff’s (U.S SEC) attempts to delay the case.

According to a motion filed by Ripple and Individual Defendants, Chris Larsen and Brad Garlinghouse, the trio had objected to the SEC’s request to seal its opposition to the amici request to represent 67,300 XRP holders in Mr. Patrick Doody’s expert testimony challenge.

This reply came to light in response to a testimony of expert SEC witness Patrick Doody, whose report aimed to explain what motivated XRP holders to buy the token. Likewise, Deaton, as mentioned, sought to represent community members included in the litigation.

But looks like even the court has had enough. The Court denied SEC’s motion to seal the aforementioned request in a June 10 filing. James Filan, a famed attorney highlighted this filing in a June 10 tweet.

— James K. Filan