CryptoLaw, a web portal for US-based crypto litigations founded by John E Deaton, has published all redacted Daubert Motion filings from the Securities and Exchange Commission (SEC) and the Ripple blockchain (XRP).
According to a source, Daubert Motion filings are a type of motion that seeks to exclude the expert’s testimony presentation to a jury. James K. Filan, a pro-XRP defense lawyer, shared the update early today with the XRP community.
Filan also shared a newly filed motion by the SEC in which the regulator sought to prevent the testimony of Ripple defendant’s experts. Greg Beuke, an immigration attorney, argued that the SEC is not correctly addressing the Howey Test prong in its legal filings but instead skipping over it and pretending it is not essential.
Notably, the Howey Test is a legal test used to determine if something is considered an investment contract and, therefore, subject to securities laws. The test has four parts, called ‘prongs.’
Blockchain lawyer John Deaton recently aired his prediction about the crypto industry this year. Deaton declared that the multi-year legal battle between Ripple and the US SE would only settle after a decision from Judge Analisa Torres.
However, a few people misconstrued the lawyer. So he clarified that he meant a settlement that would eliminate any potential jury trial and appeal.
Deaton’s second prediction was that an exchange would face charges for selling unregistered securities, like in the case of XRP vs. SEC. He added that the current chairman of the SEC, Gary Gensler, would resign before 2023 ends.
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Source: Cryptocurrency - investing.com
