Ripple contests the SEC’s classification of the “Fox Declaration” as standard evidence, arguing it’s expert testimony, which affects the legal proceedings.The legal battle between Ripple and the US Securities and Exchange Commission escalated recently due to a disagreement on one key witness’ testimony. The two entities can not find common ground on a statement from Andrea Fox .its initial request.
Rather, she analyzes Ripple’s records, third-party evidence, and expert reports; draws inferences and conclusions about those documents; and calculates disgorgement, prejudgment interest, and discount amounts based on her analysis.” Having that said, Ripple insisted that the testimony should not be taken into account when determining the case’s resolution.Despite the start of the trial, it remains unclear when the Ripple v SEC case will be officially closed or whether the parties will shake hands on a mutual agreement.“I’m saying that the Judge will order 0 disgorgement but throws the SEC a bone and orders Ripple to pay a $100 million penalty,” Hogan stated.
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