As the presiding judge in the legal dispute between Ripple and the United States Securities and Exchange Commission (SEC) decided on both sides’ applications to exclude key experts’ evidence, pro-Ripple attorneys feel that the ruling might be devastating for the regulator’s summary judgment motion.
On March 7, Scott Chamberlain, a former attorney and co-founder of the permissionless Layer 2 platform Evernode XRPL, provided his important conclusions from District Judge Analisa Torres’ judgement, which he called the removal of a particular witness “fatal to SEC.”
John E. Deaton, a legal expert and amicus curiae for Ripple, confirmed with Chamberlain’s assessment and said that “the expert’s preclusion is deadly for the SEC’s summary judgement request,” which he subsequently told Fox Business’ Charles Gasparino might happen “any day now or in a couple of weeks.”
In an interview published on March 8th, Ripple co-founder and CEO Brad Deaton said that his business had ten expert witnesses against the SEC’s five and that Ripple had won because the witness “who was supposed to testify as to what XRP token holders believed in their brains when they acquired XRP” was excluded from testifying.
In the meanwhile, he is confident that Ripple will win the lawsuit. His remarks come days after the CEO of a blockchain startup, Brad Garlinghouse, once again questioned the SEC’s behavior, describing its current assault on the cryptocurrency sector as an unhealthy regulation method.
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