Ripple accuses SEC of taking "extreme position" on expert reports

07/11 08:18

According to U.Today, the defendants in the Ripple case have accused the U.S. Securities and Exchange Commission of taking an "extreme stance" on expert reports. In a recent letter addressing Judge Analisa Torres, they claim that the plaintiff is trying to suppress any "substantive criticism." In late May, attorney John Deaton of the Deaton Law Firm filed a motion letter to ask the judge to allow him to file a brief on behalf of tens of thousands of XRP holders. The move came hot on the heels of Patrick B. Doody, the SEC's expert witness, preparing a report on what motivated XRP holders to purchase the controversial token. Deaton has expressed his intention to file a Daubert motion that would exclude the presentation of unqualified evidence. The defendants in the Ripple case have accused the U.S. Securities and Exchange Commission of taking an "extreme stance" on expert reports. In a recent letter addressing Judge Analisa Torres, they claim that the plaintiff is trying to suppress any "substantive criticism." In late May, attorney John Deaton of the Deaton Law Firm filed a motion letter to ask the judge to allow him to file a brief on behalf of tens of thousands of XRP holders. The move came hot on the heels of Patrick B. Doody, the SEC's expert witness, preparing a report on what motivated XRP holders to purchase the controversial token. Deaton has expressed his intention to file a Daubert motion that would exclude the presentation of unqualified evidence.
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