Defendants’ attempt to block additional expert report failed

Alex Dovbnya

SEC may file additional report in Ripple case

The U.S. Securities and Exchange Commission took a minor victory over blockchain firm Ripple earlier today, allowing Magistrate Judge Sarah Netburn to file an additional expert report.

The discovery by experts was originally supposed to end on January 14, but that deadline has now been pushed back several times due to various disputes. The discovery schedule issued by the court does not take into account additional reports.

As reported by U.Today, Ripple filed a new rebuttal report last month by securities and financial expert Dr. Albert Metz. It described the report as “inadmissible”, arguing that the new version of the report brought nothing new to the table. Ripple claimed that the SEC should not have the final say in the discovery process.

The report in question aims to show the “economic significance” of Ripple’s public announcement regarding the performance of the XRP token. The discovery deadline has now been moved to May 13 to allow Dr. Metz again.

In other news, the SEC recently informed that court that it would file new privilege claims in a last-ditch effort to stop the production of emails related to the infamous Ethereum speech by William Hinman, the former director of the SEC’s Division of Corporate. finances.

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