The SEC has filed an omnibus motion to exclude the testimonies of 10 Ripple experts in the ongoing lawsuit.
The Securities and Exchange Commission noted that the expert’s opinions should be excluded because they have nothing to do with the three prongs of the Howey test.
“Defendants and their experts ignore Howey and controlling precedent and instead ask the Court to decide the question of whether Defendants offered and sold XRP as part of investment contracts by looking to other legal regimes or to facts that courts have repeatedly held are irrelevant to the Howey analysis,” the SEC noted.
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