A new update on the Ripple and SEC case, shows that Ripple wants to remove some expert materials the SEC used in the case.
Ripple’s Motion to Strike and SEC’s Response
Ripple said the SEC did not inform them enough about an expert witness named Andrea Fox. Ripple thinks this is not fair.
Ripple insisted that Fox should not be able to give new information, only summarize what was already found. The judge gave the SEC until April 29 to respond to Ripple’s request. Ripple then has three days to reply.
This Ripple and SEC case is important for people who have invested in XRP, the cryptocurrency at the center of this case. XRP’s value has been going up and down due to the legal uncertainty.
See Also: Ripple and SEC Case: SEC targets Ripple for $2.6B fine
Market Reaction To The Ripple and SEC Case
The Ripple and SEC case has grabbed the attention of many, including investors. People are watching closely to see how the market reacts to news about the lawsuit.
After Ripple asked to remove some expert materials the SEC used, the value of XRP dropped a bit. On April 25, XRP went down by 0.28% to $0.5257.
This came after a 3.21% decrease the day before, showing how news about the lawsuit can affect XRP’s price.
Investors are also having doubts due to the lawsuit. Some are being careful with their investments, while others are still hopeful about XRP’s future.
Even with the legal issues, some investors see this as a chance to buy XRP at a lower price. They think that once the legal problems are solved, XRP’s value could go up again, making it a good investment.
Conclusion
The lRipple and SEC case over XRP has caused ups and downs in the cryptocurrency’s value.
Despite the uncertainty, some see this as a chance to buy XRP at a lower price, hoping for a rebound in value once the legal issues are resolved.
The outcome of the Ripple and SEC case could have a big impact on XRP and the broader cryptocurrency market, setting a precedent for how regulators handle cryptocurrencies. Investors and market watchers will continue to monitor the situation for any new developments.
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