Another victory for Ripple? Judge partially denies SEC request

XRP Trial News: District Judge Analisa Torres issued an order on the Daubert motions in the XRP lawsuit. The decree concerns the request of the parties to seal documents in connection with the disputes of experts. However, the summary judgment verdict is still pending.

Judge accepts Ripple’s motion in XRP lawsuit

Pursuant to the order, the United States Securities and Exchange Commission (SEC) was seeking an order to seal and redact certain documents filed by the parties to exclude expert testimony. The commission in its request mentioned that its proposed deletions are intended to protect the identity of expert witnesses.

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Ripple and the defendants were also seeking an order directing these parts to be redacted. They said their removal was to protect Ripple’s confidential business interests and the legitimate privacy interests of third parties. The defendants asked the court to argue that revealing their contact details could directly cause significant damage to their negotiating position in future agreements. This can directly lead competitors to adjust their sales plans and pricing policies.

While non-parties MoneyGram International, Inc asked the court to redact parts of certain details to protect their own private business information.

Read more: Coingape reported that Brad Garlinghouse, the attorney for the CEO of Ripple, has requested to withdraw from the XRP lawsuit. Attorney Nicole Tatz said she will no longer be tied to the law firm.

The Court accepts the request of the SEC but….

Judge Analisa Torres, partially upheld the SEC’s requests in the XRP lawsuit. The order said the court was rejecting the commission’s request to remove the names of consulting firms that assisted its expert witnesses. While she upholds the watchdog’s call to redact the documents filed in connection with the Daubert Motions.

However, the judge granted the motions of the defendants, MoneyGram and third parties. While he ordered the official to end the pending motions.

Ashish believes in decentralization and has a keen interest in the evolution of Blockchain technology, the cryptocurrency ecosystem, and NFTs. He aims to raise awareness of the growing crypto industry through his writing and analysis. When he’s not writing, he’s playing video games, watching thrillers, or playing sports outdoors. Contact me at [email protected]

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