Court Denies SEC’s Motion To Revoke Amici Status and Bar John Deaton

Court Denies SEC’s Motion To Revoke Amici Status and Bar John Deaton

  • Judge Torres had ordered the SEC to provide Hinman’s speech draft from 2018.
  • According to the defendants, the Hinman speech is the subject of all three orders.

After the SEC’s latest appeal, it seems that the legal war between Ripple and the SEC has entered a critical point. In response to Judge Torres’ order on the speech draft, the regulatory authority has requested a 30-page brief and a 10-page reply. Judge Torres had ordered the SEC to provide Hinman’s speech draft from 2018, as previously reported.

Hinman Speech Could End the Case?

As a result of the SEC’s desire to launch an appeal against the Hinman decision, both parties in the Ripple case filed filings in response. It was Ripple’s opinion that the SEC’s request for the 30-page opening brief and 10-page reply brief in response to the Hinman judgement was unreasonable and unwarranted.

Ripple’s defence counsel, James K Filan, notified the community:

“In connection with the SEC’s Objection to Judge Netburn’s Ruling on the Hinman Speech documents, the SEC’s motion to file a 30-page opening brief was denied (limited to 20 pages), but its request to file a 10-page reply brief was granted.”

The newest SEC motion was partially allowed by Judge Torres in the SEC vs. Ripple fight. Only 20 pages of the briefing were required, but she allowed the SEC to submit a 10-page response in the following sessions. In order to oppose three distinct directives in a single briefing, the regulatory body had hoped for a 30-page letter. According to court filings, Ripple has objected to both of these demands. According to the defendants, the Hinman speech is the subject of all three orders.

#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Judge Torres denies SEC’s Motion to Revoke amici status and bar @JohnEDeaton1 from further proceedings. Amici can’t participate in expert challenge now but may file application to brief concerns with SEC’s expert at summary judgment pic.twitter.com/fGVf6ZvQma

— James K. Filan 🇺🇸🇮🇪 106k (beware of imposters) (@FilanLaw) July 26, 2022

This case has just seen another big development. The SEC requested that Judge Torres revoke the amici designation given to XRP holders and ban John Deaton from participating in the lawsuit. However, the motion was rejected yesterday.

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