SEC, Ripple get extensions to exclude expert testimony in XRP lawsuit

The federal judge in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. has granted a joint motion from all parties to extend the deadline for the Daubert Motions that would exclude certain expert testimonies.

A Daubert motion is a type of motion that seeks to exclude the testimony of an expert witness. Both the SEC and Ripple have sought to seal the identities of certain non-parties.

With the extension, all parties will have to submit their Daubert Motions and related documentation by Jan. 13, 2023, according to screenshots of court filings shared on social media.

In December 2020, the SEC filed a lawsuit against Ripple and its executives, alleging the sale of XRP constituted an offering of unregistered securities worth over US$1.38 billion.

Last week, Nicole Tatz, an attorney for Ripple Chief Executive Officer Bradley Garlinghouse, withdrew her role as the co-defendant’s counsel as she will no longer be associated with the law firm representing him starting from Dec. 31.

source: https://forkast.news/headlines/sec-ripple-extensions-expert-testimony-xrp-lawsuit/

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