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XRP Lawsuit: Ripple Gains Upper Hand In New Court Ruling

U.S. District Judge, Analisa Torres on Monday announced her decision on the motion to preclude expert testimony by both parties (Ripple and U.S. Securities and Exchange Commission). The court order stated that the parties’ motion, keeping Summary Judgement and trial in consideration, is granted in part and denied in part.

However, Attorney involved in the XRP lawsuit has claimed that the Judge gave out a ruling in the favor of Ripple and the Defendants.

As per the court order, the analysis of Expert No.1’s opinions makes it to be precluded from testifying as its opinion is around the perception of a reasonable XRP purchaser. However, the US SEC motion to disbar the rebuttal testimony is being denied. It added that the court shall not further address the commission’s arguments around it.

(By Ashish Kumar)

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