XRP SEC Case Update: Ripple filed its opposition to the SEC’s remedies-related brief and concluded that the court should deny the US SEC’s requests for an injunction, disgorgement, and pre-judgment interest. Ripple claims the court should impose a civil penalty of no more than $10 million as no fraud or recklessness is proven by the SEC.
The crypto firm also filed a motion to strike a new expert witness the SEC submitted in support of its remedies-related brief, accusing the SEC of violating the court procedure and laws.
Ripple Files to Strike Off Fox Judgment in SEC’s Remedies Brief
According to a court filing to Magistrate Judge Sarah Netburn, Ripple filed a motion to strike new expert materials used by the SEC to support its remedies-related brief and final judgment. A declaration and two supporting exhibits by expert witness Andrea Fox, referred to as “Fox Declaration” were included by the SEC after the remedies discovery deadline.
Ripple accuses the SEC of violating cour
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