Pundit Highlights Only Factor Stopping Judge From Final Judgment
The post Pundit Highlights Only Factor Stopping Judge From Final Judgment appeared on BitcoinEthereumNews.com.
Pro-XRP pundit asserts that Magistrate Netburn’s decision regarding the motion to exclude Andrea Fox’s declaration is the only thing stopping Judge Torres from issuing her final verdict in the Ripple lawsuit. The broader XRP community has continued to endure a multi-year legal tussle between the SEC and Ripple that has negatively impacted the asset’s price. Despite the lawsuit lingering for over three years, there is no official date for its end. Only Factor Stopping Judge Torres’ Final Verdict With several experts projecting that the lawsuit could be resolved this year, prominent XRP community Ashley Prosper pointed out a particular factor preventing Judge Analisa Torres from issuing her final decision in the SEC v. Ripple case. He made the assertion after the SEC filed its opposition brief to Ripple’s omnibus sealing motion. According to Prosper, the only thing stopping the judge from issuing the final verdict is a decision from Magistrate Sarah Netburn regarding Ripple’s motion to exclude the testimony of SEC’s witness, Andrea Fox. Fox’s Issue Could Cause Further Delay In April, Ripple asked Magistrate Netburn to exclude Fox’s declaration, which the SEC submitted to justify its remedies demands. Describing Fox as an expert witness, Ripple contended that the SEC was supposed to tender her declaration during the discovery phase of remedies to enable it to respond and counter her claims. Since the SEC did not provide the declaration during discovery, in accordance with the court’s scheduling order for remedies, Ripple asked Magistrate Netburn to exclude the testimony. Conversely, the SEC claimed that Fox was a summary witness who only summarized existing facts to help the judge understand Ripple’s financial records. – Advertisement – According to Prosper, the decision on whether Fox is an expert or summary witness could possibly “open up [a] can of worms” that could further delay…
Filed under: News - @ May 22, 2024 2:22 pm