ripple has defeated sec what does this mean for court xrp to eighty thousand dollars ripple has
won another small victory in this case but most of all this victory is important for xrp holders
judge annalisa torres forbade the sec to seal her objection to the participation of xrp holders in
the case namely the opportunity to submit her brief to the report of sec expert patrick duty
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watch the video to the end to like and subscribe in his expert report duty stated that investors
bought xrp in the hope that ripple's activities would bring them profit this caused criticism from
xrp holders who rightly noted that duty probably did not talk to any investor therefore the
well-known lawyer john deaton on behalf of more than 67 300 investors has now filed a letter with
the court asking to take into account the opinion of the owners of x rp after that the sec announced
its intention to prevent this yesterday ripple filed its response to the sec's motion against
amici's request to participate in the hearing and seal objections hashtag xrp community sec of v
ripple xrp the ripple defendants have filed their response to the sec's motion to seal its
opposition to the yamiche request to participate in daubert hearing the sec's motion to seal the
amici response and the ripple defendant's response are below ripple and individual
defendants disagreed with the reasons given in the sec seal request the blockchain company noted
that four of the five reasons given by the sec in the request letter do not pose any threat to life
based on this ripple urged the court not to allow the securities and exchange commission to close
all its objections adding that the agency should publicly file those parts that do not contain
confidential information that could jeopardize mister duties security a few hours after that
judge annalisa torres rejected the request of the securities and exchange commission
hashtag xrp community hashtag secgovv hashtag ripple hashtag xrp the court denies assisi's
motion to seal and orders it to file by june 14th a redacted version of the brief and exhibits
underseal redacting information only to the extent necessary to safeguard information sought to be
filed under seal judge taurus noted that she decided to reject the sec's request to close her
response because the issues raised by the agency in its motion relate only to certain information
since only some of the information in the brief relates to the issues raised by the sec the
court does not consider that sealing the brief is fully justified judge torres ruled the blockchain
company called on the sec to narrow down the ceiling request because the agency's initial
offer seemed clearly excessive at ripple's request the securities and exchange commission was ordered
to submit by june 14 2022 an edited version of all summaries and exhibits under seal in which
information is edited to the extent that it is necessary to protect the information that needs to
be kept under seal on june 14 2022 the securities and exchange commission must also submit a letter
explaining the proposed corrections and indicating the evidence that the agency intends to seal
while everyone is waiting for the sec to be forced to hand over hinman's document
deaton's lawyer said the agency would rather choose a settlement than make the document public
there has already been a lot of controversy around the documents of the former director
of the financial corporation of the u s securities and exchange commission william hinman from 2018
as a result of which it was announced that ethereum eth is not a security ripple is convinced
that this speech will put an end to the argument that its digital currency xrp is a security
however all attempts to obtain the hinman document have not yielded positive results since the sec
does not plan to transfer the files to ripple lawyer deaton predicts a possible outcome lawyer
john deaton who is seeking to represent 67 000 xrp investors in the upcoming expert dispute expressed
his opinion on the expected outcome of the fight for possession of documents for him and speech
following a conference between the parties this week deaton's lawyer noted that it is
obvious that judge sarah netburn will order the sec to hand over hinman's document to ripple
interestingly the sec's determination to continue withholding the document may give the holders of
ripple and xrp the breakthrough they need which will put an end to a lawsuit that has lasted more
than a year lawyer deaton added speaking live deaton's lawyer said that if the sec is forced
to submit a document by judge sarah netburn the agency will immediately demand a settlement rather
than give hindman's document to ripple these emails these comments will never see the light
of day outside the sec office if the sec is forced to hand over these documents then a settlement may
occur does the hashtag sec settle if they lose the next ruling at johnnydeaton1 gives it to
you straight however if things do not go as the ripple community expects and judge netburn does
not order the sec to submit a document the lawsuit will be sent directly to the summary procedure
previously john deaton who was acting on behalf of sixty seven thousand three hundred xrp holders
in this lawsuit and to whom the court granted the status of amicus curiae lat a friend of the court
filed a petition with the judge asking him to allow him to provide a brief note to the court
we are talking about filing a brief to the report of sec expert patrick duty who tried to prove
that xrp investors were forced to buy tokens in 2013 in the hope of making a huge profit
this expert opinion was criticized by deaton and other investors stating that duty probably
did not talk to any xrp investor before coming to his conclusions the court has already allowed the
sec to file an objection to deaton's lawyer's request but now the sec has asked the court to
keep the contents of its objection confidential the plaintiff's securities and exchange commission
respectfully requests the court to order the ceiling of the sec letter against the petition
of six xrp investors to submit a summary of the opinion of one of the sec experts duty an
excerpt from a recent petition the sec believes that further additional public documents related
to duty's testimony may lead to some disturbing events given the serious concerns indicated in
the objection note and since the movements are not parties to this litigation the sec
will respectfully await the court's decision on this closure motion before providing the movements
with a copy of its objection note the sec said the securities and exchange commission is also seeking
the court to order six xrp investors and lawyer deaton to refrain from disclosing the contents of
their opposition memo to the public in order to prevent the aggravation of disturbing events in
this matter john deaton commented on this move in the way that the sec did because perhaps someone
could threaten the expert i really hope that no xrp holder contacted mr duty or threatened him
in any way i am thinking about the basis but now i will tell you that no one should contact witnesses
or lawyers at all for whatever reason i'm not saying it happened but the sec filed a motion
to close for a reason the current price of xrp for today you can see yourself on the screens and the
trading volume for twenty four hours is one two nine four four three six zero six five us dollars
we are updating our xrp price in us dollars in real time xrp has dropped four eight percent in
the last 24 hours do you think xrp will be able to win the court and restore its former price
write the answers in the comments that's it for today thank you for watching this
video to the end if you liked it then don't forget to like it and subscribe to the channel
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