Judge Grants Ripple, MoneyGram’s Motion; Partially Holds SEC

Analisa Torres, District Judge issued an order over the Daubert Motions in the XRP lawsuit. The decree is regarding the parties’ Motion to seal documents in connection with the Expert Challenges.

Judge rejects SEC’s request in XRP lawsuit

As per the order, the U.S. Securities and Exchange Commission (SEC) was seeking a ruling to seal and redact certain documents deposited by the parties to exclude expert testimony. The commission in its request mentioned that its proposed redactions aim to protect the identity of the expert witnesses.

Ripple and the defendants were also seeking an order directing the redaction of such portions. They stated that their redaction aims to protect Ripple’s confidential business interests and the legitimate privacy interests of third parties. The defendants asked the court to argue that the revelation of their details could directly result in major damage to their negotiation position in future deals. This can directly lead the competitors to adjust their sales plans and pricing policies.

While, non-parties MoneyGram International, Inc asked the court to the redaction of portions of certain details to protect their own private business information.

Judge Analisa Torres, partly granted the motions of the SEC in the XRP lawsuit. The order stated that the court denies the commission’s request to redact the names of the consulting firms which helped its expert witnesses. While it grants the watchdog’s appeal to redact the documents deposited in link with the Daubert Motions.

However, the judge granted the defendants’, MoneyGram and third party motions. While it ordered the official to terminate the pending motions.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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