The SEC Files to Oppose Ripple’s “Motion to Strike” in Ongoing Litigation
- The SEC has filed to oppose Ripple’s motion to strike the declaration of summary witness, Adrea Fox.
- Bill Morgan faults Fox’s declaration, noting it is not expert evidence.
- Morgan thinks it is difficult to see the SEC’s argument, regardless of the outcome of its opposition filing.
On Monday, April 29, the U.S. Securities and Exchange Commission (SEC) filed a motion in court to oppose Ripple’s motion to strike the declaration of SEC summary witness Adrea Fox. According to SEC, Ripple incorrectly claims the declaration constitutes undisclosed expert testimony.
#XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed its opposition to @Ripple’s Motion to Strike new expert materials. pic.twitter.com/qwVyGJI8ZS
— James K. Filan(@FilanLaw) April 29, 2024
Analyzing the SEC’s filing, renowned crypto lawyer Bill Morgan highlighted some salient points in the SEC’s statement. According to Morgan, the SEC argues that the Fox declaration is not expert evidence. Nonetheless, Ripple does not dispute the summary of its financial records is correct.
Furthermore, Morgan noted that the SEC argues that Fox did not give an opinion that some institutiona…
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