In the ongoing Ripple litigation in California, a U.S. District Court Judge issued orders on several motions, favoring the plaintiffs and granting orders under the Daubert rule. The court denied Ripple's attempt to exclude the testimony of plaintiffs' expert Jeremy Clark and denied their attempt to exclude the testimony of Saifedean Ammous. However, the court granted plaintiffs' motion to exclude the testimony of defendant's expert Alan Schwartz and Ripple's motion to exclude the testimony of plaintiff's expert Joel Seligman. The judge emphasized that XRP Ledger is dependent on Ripple and that the distribution of XRP favors the company. Settlement talks have been scheduled, and a pretrial conference and jury selection are set for later dates. The ongoing uncertainty regarding XRP's classification at the state level is noted, which does not directly affect the federal law-based SEC v. Ripple case.
- Content Editor ( u.today )
- 2024-10-27
Ripple v. SEC: XRP Future Still Unclear on State Level, Lawyer Confirms