Ripple Case Update: Judge Sets Public Zoom Hearing on Summary Judgment & Testimony

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As a researcher with a background in finance and law, I find the ongoing Ripple lawsuit against Ripple Labs to be an intriguing development in the cryptocurrency space. The public hearing scheduled for May 30 is a significant event that could have far-reaching implications for the SEC v. Ripple case.

As a crypto investor following the developments in the ongoing class action lawsuit against Ripple Labs, I’m excited to share that we have a new update. A judge has announced a public hearing for various motions, including those seeking to exclude witness testimonies and a motion for summary judgment. This hearing is scheduled to take place on Zoom on May 30. Counsel, members of the public, and media are all invited to attend this significant event in the unfolding legal saga of Ripple Labs.

Public Zoom Hearing in Ripple Lawsuit

As a crypto investor following the developments in the legal case between Ripple Labs Inc and Sean O’Connell, also known as Zakinov, I’m eagerly anticipating the public hearing scheduled for May 30th. This significant event could potentially influence the ongoing SEC vs. Ripple lawsuit, as highlighted by XRP lawyers such as Fred Rispoli.

As a researcher, I’ve come across information indicating that a Zoom hearing presided over by a judge is open to the public. During this session, the court is expected to tackle several motions. Among these are motions aimed at excluding certain testimonies and one for summary judgment. The plaintiff in this case has accused Ripple of violating both federal and California state securities laws by selling XRP as unregistered securities and engaging in unfair business practices. Notably, this lawsuit was initiated two years prior to the SEC versus Ripple Labs legal battle.

As a crypto investor following the ongoing court case closely, I’m excited to share that the public will have the opportunity to observe the hearings on various motions during this session. These motions aim to exclude testimony from several individuals: Alan Schwartz, Professor Joel Seligman, S.P. Kothari and Laurentius Maraius, Steven P. Feinstein, Jeremy Clark, and Saifedean Ammous. Additionally, Judge Phyllis J. Hamilton will make a decision on the Motion for Summary Judgment during this proceeding.

XRP Lawyer Comments on Ripple Hearing

Expert: In the ongoing Ripple versus SEC lawsuit, Bill Morgan, who represents Ripple, argued for barring the testimony of Alan Schwartz during the court proceedings. Despite being granted permission by Judge Torres, Schwartz serves as the executive chairman of Guggenheim Partners and was initially slated to testify in the case.

In addition, the ruling in the Zakinov vs Ripple case holds significant importance for the ongoing Ripple vs SEC legal battle. The SEC may utilize this decision as precedent in potential lawsuits against other cryptocurrency exchanges like Binance and Coinbase. It is anticipated that the regulator will attempt to overturn Judge Torres’ previous rulings during the remedies phase.

XRP Price Performance Amid Key Dates

In a recent interview, Brad Garlinghouse, CEO of Ripple, fueled debates with his views on the ongoing SEC lawsuit, crypto market trends, impartiality towards cryptocurrencies, anticipated XRP triumph, and hints at an upcoming significant disruption in the financial sector. According to Garlinghouse’s perspective, the SEC is likely to lose the case eventually, despite any appeals or counterarguments.

The current value of XRP is at approximately $0.51, representing a almost 1% decrease over the last day and around a 5% decline in the past week. The lowest and highest prices within the previous 24 hours were recorded at $0.5075 and $0.5179, respectively. Notably, trading volume has seen a significant surge of over 70% during this period. According to market analysts’ predictions, it is anticipated that XRP will maintain its current price range throughout the year.

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2024-05-20 16:09