XRP to $0.40? Judge Torres Denies SEC Motion to Exclude Testimony
On Monday, March 6, Defense attorney James Filan shared the latest ruling from Judge Analisa Torres in the ongoing Ripple vs SEC battle. During the recent hearing, Judge Torres granted and denied motions from both sides.
More importantly, Judge Torres has denied SEC motions to exclude testimony. This puts the defendants aka Ripple in a better position.
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Judge Torres issues Ruling on Parties’ Motions to Preclude Expert Testimony.https://t.co/s8mhAWPNjE
— James K. Filan (@FilanLaw) March 6, 2023
Amicus Curiae attorney John Deaton was quick enough to share this development with the XRP community. Citing the recent court order he tweeted:
“@Ripple’s Motion to Exclude Expert No. 1 from testifying is GRANTED as to his first opinion about the perceptions of a reasonable XRP purchaser, and DENIED as to the remainder of his testimony.” – Judge Torres. Now try and tell me #XRPHolders don’t make a difference!”
The ruling also shows that judge Torres could start ruling on other pending motions as well, very soon. Also, all eyes will be on the access to Hinman’s documents going ahead. Under the client-attorney privilege, the SEC has filed a motion to redact certain content after the agency failed to shield the entire document. Any ruling against the SEC could increase the chances of faster settlement.
Commenting on Hinman’s documents earlier this year, Ripple chief Brad Garlinghouse said: “When those come to light, I think you will see more kind of like, how is it possible for the SEC to decide to bring a case against Ripple given what they were saying within their own walls.”
Will Judge Torres Support the SEC?
After Judge Torres recently dismissed the case against two jail guards in Jeffery Epstein’s death, there’s been an uproar in the XRP community that Torres belongs to the ‘deep state’. Responding to that Amicus Curiae attorney John Deaton wrote:
People are reading this entirely wrong. People read that Judge Torres dismissed the case two guards who falsified records related to Epstein and then make the crazy leap that Judge Torres is part of the deep state and will thus decide in favor of the SEC. Absolutely not true.
It is still not clear as to in whose favor the final judgment might arrive. Recent development also suggests that the US SEC is likely to win if the XRP lawsuit goes to a jury trial.
The recent decision from Judge Torres gives XRP bulls an upper hand. After the selling pressure on Sunday, XRP is showing a good recovery. As of press time, XRP is trading 1.83% up at a price of $0.3713. The news can further push the XRP price to $0.40.
The post XRP to $0.40? Judge Torres Denies SEC Motion to Exclude Testimony appeared first on CoinGape.
Filed under: News - @ March 7, 2023 6:20 am