Ripple Defendants Accuse SEC For “Extreme Posture” On Expert Reports

The U.S. Securities and Exchange Commission (SEC) has been charged by the defendants in the Ripple case with adopting an “extreme posture” on expert assessments. They assert that the plaintiff is attempting to silence any “substantive criticism” in a letter they recently sent to Judge Analisa Torres. Attorney John Deaton of the Deaton Law Firm submitted a motion letter to the judge in late May asking permission to submit a brief on behalf of thousands of XRP holders. The action was taken shortly after Patrick B. Doody, the SEC’s expert witness, finished writing a report on the factors that led XRP holders to buy the contentious token. Deaton has stated that he intends to submit a Daubert motion to prevent the use of unqualified evidence. The request was “huge,” according to Hogan & Hogan’s attorney Jeremy Hogan as removing the expert would make it much harder to prove the case. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Defendants and SEC in brawl over expert reports. SEC is taking the “extreme position . . . that the names of its experts and any substantive criticism of their reports should be kept from public view.” Expedited briefing requested. pic.twitter.com/mnKlNkGrGB — James K. Filan 🇺🇸🇮🇪 105k (beware of imposters) (@FilanLaw) July 11, 2022 Court Dismissed SEC’s Effort On June 9, the court dismissed the SEC’s effort to have its letter of opposition to the request from an amicus curiae to join the Daubert challe...