Ripple Vs. SEC: What To Expect From Ripple’s Reply As XRP Price Jumps 4%
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Ripple Vs SEC: XRP price rises 4% with heavy buying in derivatives market ahead of Ripple's reply to the SEC's opposition to striking expert witness.
Ripple vs. SEC: XRP price on Thursday witnessed a 4% upside move defying the broader crypto market selloff. The price increase is a surprise but welcome move by the XRP community. Ripple to file its reply is a key development for the lawsuit now after the SEC opposed Ripple’s motion to strike the declaration of Andrea Fox (Fox Declaration).
The SEC claims the Fox Declaration is a summary report on XRP institutional sales, not an expert report. Also, the SEC argues it is permissible summary evidence under the law, similar to the Ferrante Declaration filed earlier. However, Ripple will likely contest the inclusion of pecuniary harm from the declaration.
