XRP lawsuit: Daubert challenge edition sees new ‘exposing’ updates
It’s fair to say now that the crypto participants are accustomed to a volatile market. Along with crypto tokens, even litigations continue to see new developments weekly. In this case, the ever-lasting lawsuit between theSEC and Ripple- the Daubert challenge edition.
Herein, the SECfiled its request to seal a filing in connection to the Daubert challenge. This move comes on the heels of testimony from an expert SEC witness –Patrick B. Doody – who reported on what information ‘reasonable’ XRP holders relied on while buying the token.
Needless to say, as the circle goes, Defendant objected to most of the changes proposed by the SEC. Ripple and other defendants countered Plaintiff’s request to impose an “unprecedented level of secrecy on these proceedings by sealing all identifying information in the Daubert Motions regarding its five proffered expert witnesses.”
Attorney James Filan highlighted this development in a 26 July tweet.
The blockchain company found SEC’s latest request as the ‘opposite of narrowly tailored.’ In this regard, the filing in connection to the Daubert challenge elaborated,
“They would completely obscure the identity, educational background, employment history, publications, and professional affiliations of all of the SEC’s proffered experts from public view despite such information being central to the resolution of the parties’ Dauber Motions, and despite some of that information already being public.”
The SEC cited no case. In fact, “Defendants are aware of none, where a court sealed the identity and qualifications of an expert witness in the context of deciding a Daubert motion,” as per the filing. Ergo, the Court should decline the invitation to become the first.
Moreover, Ripple’s executives asserted,
Read more on ambcrypto.com
