After the presiding judge in the legal battle between Ripple and the United States Securities and Exchange Commission (SEC) ruled on both parties’ motions to preclude certain experts’ testimony, pro-Ripple lawyers believe that the decision could prove disastrous for the regulator’s summary judgment motion.
CryptoCaster Quick Check:
As it happens, Scott Chamberlain, a former attorney and co-founder of the permissionless Layer 2 platform Evernode XRPL, shared his key takeaways on District Judge Analisa Torres’s ruling, in which he singled out the exclusion of one specific witness as “fatal to SEC,” on March 7.
His views were echoed by the legal expert and amicus curiae for Ripple, John E. Deaton, who agreed with Chamberlain’s analysis and expressed his opinion that “the expert’s preclusion is fatal for the SEC’s summary judgment motion,” which he later told Fox Business’ Charles Gasparino could arrive “any day now or in a couple of weeks.”
Stay in the know on crypto by frequently visiting Crypto News Today
Problem with expert witness
As Deaton pointed out in the interview on March 8, Ripple had ten expert witnesses, while the SEC had five, challenged by both sides respectively, and the victory for the blockchain company was the exclusion of the witness “who was going to testify as to what XRP token holders thought in their heads when they purchased XRP.
Meanwhile, he remains a strong believer that Ripple would win the case. His words arrive days after the blockchain company’s CEO Brad Garlinghouse once again questioned the SEC’s conduct, terming its recent onslaught against the crypto industry as an unhealthy way to regulate it.
Read More at FINBOLD
If this article brought you clarity, insight, or value—support the work that made it possible.
At CryptoCaster, we report on Web3, crypto markets, and institutional finance with no billionaire owners, no shareholders, and no hidden agenda. While mainstream media bends toward Elon Musk, BlackRock, and JPMorgan narratives, we stay focused on what matters: truth, transparency, and the public interest.
We don’t just cover the headlines—we investigate the power structures behind them. From FTX and Ripple to the quiet push for CBDCs, we bring fearless reporting that isn’t filtered by corporate interests.
CryptoCaster is 100% paywall-free. Always has been. To keep it that way, we depend on readers like you.
If you believe independent crypto journalism matters, please contribute—starting at just $1 in Bitcoin or Ether. Wallet addresses are below.
Your support keeps us free, bold, and accountable to no one but you.
Thank you,
Kristin Steinbeck
Editor, CryptoCaster
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
CRYPTOCASTER HEATMAP
