It’s fair to say now that the crypto participants are accustomed to a volatile market. Along with crypto tokens, even litigations continue to see new developments weekly. In this case, the ever-lasting lawsuit between the SEC and Ripple- the Daubert challenge edition. Herein, the SEC filed its request to seal a filing in connection to the Daubert […]
Exposing the ‘Un-exposed’
Needless to say, as the circle goes, Defendant objected to most of the changes proposed by the SEC. Ripple and other defendants countered Plaintiff’s request to impose an “unprecedented level of secrecy on these proceedings by sealing all identifying information in the Daubert Motions regarding its five proffered expert witnesses.”The blockchain company found SEC’s latest request as the ‘opposite of narrowly tailored.
“They would completely obscure the identity, educational background, employment history, publications, and professional affiliations of all of the SEC’s proffered experts from public view despite such information being central to the resolution of the parties’ Dauber Motions, and despite some of that information already being public.”
The SEC cited no case. In fact, “Defendants are aware of none, where a court sealed the identity and qualifications of an expert witness in the context of deciding a Daubert motion,” as per the filing. Ergo, the Court should decline the invitation to become the first. Moreover, Ripple’s executives asserted, apart from Plaintiff’s speculations, the available evidence suggested that disclosure of the experts’ identities would not have the consequence stated earlier.in a single brief, Ripple argued.Just as XRP enthusiasts lauded this litigation, Plaintiff was indeed quick to acknowledge as well as respond. The SEC filed its opposition to the Ripple Defendants’ motion to seal in connection with the expert challenges.
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