According to recent updates shared by a defense lawyer following the lawsuit between Ripple và SEC, James K. Filan closely, Ripple has won a small victory in an ongoing lawsuit as the court rejected the SEC’s request to seal in entirety its opposition to the amicus request to participate in the Daubert challenge.
The Court also Orders that by June 14, 2022, the SEC shall file a letter explaining its proposed redactions and specifying which exhibits it seeks to seal. Essentially the Court agreed with Ripple and said that the SEC was trying to seal more than necessary.
— James K. Filan 🇺🇸🇮🇪101k+ (beware of imposters) (@FilanLaw) June 9, 2022
XRP Lawsuit: Ripple scores minor victory as SEC is ordered to produce redactions
“The Court denies the SEC’s Motion to Seal and orders it to file by June 14 a redacted version of the brief and exhibits, under seal, redacting information only to the extent necessary to safeguard information sought to be filed under seal”, Ripple stated. “The Court also orders that by June 14, 2022, the SEC shall file a letter explaining its proposed redactions and specifying which exhibits it seeks to seal.”
The court agreed with Ripple and said that the SEC is trying to seal more than necessary. Previously, Ripple’s defendants filed objections to the SEC’s request to seal their responses to Daubert’s request to participate in the hearing.
XRP-friendly attorney, Jeremy Hogan, explains Ripple’s earlier response, hinting that the SEC doesn’t want their expert’s physical address to be revealed. At the same time while “Ripple is arguing that only one document exposes the expert’s address and only that one document needs to be sealed.”
Previously, CryptoLaw founder John Deaton asked the court to file an amicus brief in a Daubert challenge involving the opinion of SEC expert Patrick Doody, who claimed to know what prompted push XRP holders to buy the asset. The U.S. Securities and Exchange Commission (SEC) subsequently notified the court of its objection to the amicus licensing request that XRP holders requested.
Federal Judge Sarah Netburn held a live conference call on Tuesday to discuss the release of the Hinman documents. According to Fox reporters Eleanor Terrett and Charles Gasparino, the Ripple lawsuit can be traced back to a speech by former Securities and Exchange Commission official William Hinman four years ago.
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