The U.S. court recently ruled on key motions, bringing fresh clarity to this high-stakes case. Following settlement discussions, Judge Hamilton reviewed four critical motions in the case involving Ripple Labs, the company behind XRP. The decisions mostly favored the plaintiffs, who allege Ripple violated securities laws.

Judge Hamilton allowed the plaintiffs’ experts, including Jeremy Clark and Saifedean Ammous, to testify, dismissing Ripple’s objections. However, Ripple’s request to exclude testimony from one of the plaintiffs' experts, Joel Seligman, was granted. The court also barred the defense’s expert, Alan Schwartz, from testifying.

Meanwhile, the case has advanced to the Second Circuit Court of Appeals, with new charges being reinstated against Ripple’s top executives. The ongoing case has sparked reactions across the crypto industry, underscoring concerns about regulatory overreach.

Conclusion
This latest ruling adds another layer to the Ripple vs. SEC legal saga, with potential ripple effects for crypto regulation.

Takeaways:

  • Judge Hamilton’s rulings mostly favored the plaintiffs.

  • Ripple’s appeal hearing is set in the Second Circuit Court of Appeals.

Source: Coingape

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