TL;DR
The legal confrontation between Ripple and the SEC intensifies, with recent filings focusing on whether a key witness’s declaration is standard evidence or unsolicited expert testimony.
As both parties await a judicial ruling, speculations arise about a potential settlement this summer.
The SEC’s Actions
The legal case between Ripple and the US Securities and Exchange Commission (SEC), which dates back to December 2020, has intensified in the past several weeks. One important reason for the numerous actions from both sides is the start of the trial process on April 23.
Shortly after that date, Judge Sarah Netburn entered a new scheduling order focused on the motion for remedies and entry of final judgment.
On April 29, the regulator abided by the rules by filing its opposition to Ripple’s motion to strike new expert materials. The endeavor was centered on testimony from the key witness, Andrea Fox (known as the “Fox Declaration”).
Ripple previously argued that the
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