SEC and Ripplein his case, Judge Analisa TorresIt was noteworthy that both sides partially accepted their demands.
The legal battle between the SEC and Ripple, which has become complicated, may conclude towards the end of this year, according to many names. Examining whether Ripple is a security, US officials also discuss the details presented by the SEC. However, on the other hand, Ripple has objections that are justified and can be accepted. Lastly, the Judge Analisa Torres, partially accepting the demands of both parties “neutral approach”he has demonstrated.
SEC and Ripple Riddle: The Judge Hears Both Sides!
SEC and Ripple The biggest concern of crypto investors is that legal proceedings will end up against Ripple. However, Judge Analisa Torres‘s approach to the case came to the fore as an indicator of neutrality and that Ripple was also listened to.
Judge Analisa Torresby the US Securities and Exchange Commission ( SEC) in the lawsuit filed against Ripple by both parties “rejecting expert testimony” announced its decision on the petitions filed for Torres partly accepted and partly rejected the demands of both parties.
Lawyer providing instant updates on the case James K. Filanshared a copy of Judge Torres’ decision in a tweet today.
#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
James K. FilanFormer lawyer and founder of Evernode on the XRP Ledger network quoting this post of Scott Chamberlain evaluated this situation positively. Chamberlain, “It’s striking how sharp, thorough, and completely impartial Judge Torres is.”said.
Also, XRP maximalist Attorney John E. Deatonmade a post about this whole process. deaton, Judge Torres He stated that by partially accepting Ripple’s request, it invalidated the perceptions of SEC experts regarding the XRP side. Ripple’s partially accepted request, “Do not invalidate the testimony of the SEC’s number one expert” had happened. According to Deaton, this expert was forming various perceptions towards XRP. Deaton, this development, That the XRP community is making a differenceshared it with emphasis.
“@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!
— John E Deaton (@JohnEDeaton1) March 6, 2023
In another share of Deaton, the part that was not accepted in the partial acceptance of Ripple’s request was quoted as follows; “Third opinion on the risks to the XRP Ledger side should Ripple go away or disappear.”
However, the accepted part of Ripple’s request was the rest of the expert’s statement. Thus, the expert will not be able to convey perceptions about XRP to Judge Torres. For Ripple, this seems significant because it deals a potential blow to the SEC’s claims that all XRP sales represent unregistered securities sales.
With this hot development, the entire XRP community started to celebrate Torres’ neutral approach and that Ripple has not lost yet.
A pro-XRP lawyer responding to the latest developments and Hogan and Hoganpartner of Attorney Jeremy Hogan, the final decision is SEC’s XRPHe also implied that it makes it more difficult for holders to prove that they have reasonable expectations of profit from Ripple’s efforts.
