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The SEC has requested the court docket to bar XRP holders from taking part within the case
The U.S. Securities and Change Fee has requested the court docket to revoke the amici curiae standing granted to holders of the XRP cryptocurrency.
Led by lawyer John Deaton, a bunch of XRP holders filed a movement to intervene within the case again in March 2021. Though their try and insert themselves into the case was rejected by the court docket final October, they did handle to acquire amici standing. This made it attainable for XRP holders to file “mates of the court docket” briefs.
In Could, Deaton requested the court docket to file an amicus transient relating to the opinions of Patrick B. Doody, the SEC’s professional.
The SEC says that the movants’ proposed transient would merely “duplicate” the defendants’ efforts.
As well as, the SEC has pointed to the truth that Daubert motions, a kind of movement that seeks to exclude the presentation of an professional’s testimony, aren’t dispositive motions.
As reported by U.At this time, Ripple lately accused the company of taking “an excessive place” on professional experiences, accusing it of trying to suppress “substantive criticism.”
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