- SEC has requested Judge Torres to revoke amici standing granted to XRP Holders.
- It additionally needs lawyer John Deaton barred from collaborating within the case.
- Crypto Twitter just isn’t happy with these developments within the case.
Earlier immediately, protection lawyer James Ok. Filan tweeted that the SEC, in a closely redacted letter alleging threats towards an skilled, requested Judge Torres to revoke amici standing granted to XRP Holders. It has additionally requested to bar lawyer John Deaton from any additional participation within the case.
Interestingly, simply yesterday, Ripple defendants had filed a letter in regards to the amici request to take part within the skilled problem. Ripple’s letter indicated the SEC needed amici/XRP holders thrown out of the case totally.
Earlier final month, the SEC had filed a request to seal its response to the amici movement to take part within the Daubert problem and had alleged that Deaton had publicized some data they needed sealed.
The SEC claimed that they sought to seal the paperwork to forestall additional threats to and harassment of their skilled. The authorities company additionally made a vehement plea, arguing that no skilled witness ought to anticipate to be subjected to a marketing campaign of humiliation, harassment, or threats just by agreeing to behave as an skilled witness.
For context, Amici is a authorized time period for people who find themselves not half of a court docket case however who give data that could be utilized by the court docket. And a Daubert problem is a kind of movement made to exclude the introduction of unqualified skilled witness testimony.
As anticipated, crypto Twitter was not impressed with these developments. “The SEC is lying. Nobody from the XRP community is threatening any SEC experts,” says one person underneath Filan’s newest tweet on the subject. “Do plaintiffs normally play the victim as much as the SEC has here on a weekly basis?” asks one other.
In 2020, SEC sued Ripple Labs for issuing and promoting unlicensed securities, XRP tokens, to the general public. Ever since, SEC, which is notorious for its anti-crypto stance, and Ripple have been embroiled in a authorized battle.