Judge schedules public Zoom hearing for Ripple v. Zakinov case on summary judgment and testimony exclusion petitions. Public may watch on Zoom.
According to the most current update, a public hearing on multiple requests to exclude witness testimony and a petition for summary judgment has been scheduled by the judge in the class action lawsuit against Ripple Labs.
All lawyers, the public, and the media are welcome to participate in the hearing via Zoom on May 30.
Public Zoom Hearing Regarding Ripple Lawsuit
According to its videoconferencing schedule, the court has set a public hearing for Zakinov v. Ripple in re Ripple Labs Inc. for May 30.
Among the attorneys for XRP, Fred Rispoli had earlier hinted that SEC v. Ripple would be affected by this crucial hearing.
The judge has set a Zoom hearing that will be accessible to the public in the interim.
The court may decide on multiple moves to exclude exhibits in addition to a petition for summary judgment.
The lawsuit claimed that by offering XRP for sale as unregistered securities, Ripple had engaged in unfair business practices and broken state and federal securities laws in California.
The lawsuit was filed two years before the SEC vs. Ripple Labs case.
The Motion Hearing re [318] Motion to Exclude Testimony of Alan Schwartz, [323] Motion to Exclude Testimony of Professor Joel Seligman, [325] Motion to Exclude Testimony of S.P. Kothari and Laurentius Maraius, [326] Motion to Exclude Testimony of Steven P. Feinstein, [327] Motion to Exclude Testimony of Jeremy Clark, and [328] Motion to Exclude Testimony of Saifedean Ammous are all available for the public to watch proceedings. Judge Phyllis J. Hamilton also decided on the Motion for Summary Judgment.
Lawyer for XRP Talks About Ripple Hearing
In favor of XRP, According to Bill Morgan, a motion has been made to omit Guggenheim Partners executive chairman Alan Schwartz’s evidence.
Judge Analisa Torres did, however, allow Schwartz to testify in the RAPPLE v. SITC case.
Furthermore, in several cases involving Ripple and the SEC, including those involving Coinbase and Binance, the SEC may benefit from the summary ruling in Zakinov v. Ripple.
Experts predict that the regulator will seek an appeal of Judge Torres’ earlier rulings following the remedies phase.
Changes in the Price of XRP Around Important Dates
Conjecture has been aroused by recent statements made by Ripple CEO Brad Garlinghouse on the SEC lawsuit, cryptocurrency market projections, nonpartisanship in the industry, the success of XRP, and a potential upcoming Black Swan event.
Furthermore, Garlinghouse insists that even with appeals and counterarguments, the SEC will ultimately lose.
With a drop of almost 1% over the last 24 hours and 5% over the previous week, the price of XRP is at $0.51.
Additionally, the trading volume has climbed by more than 70% during the same period, and the 24-hour low and high are, respectively, $0.5075 and $0.5179.
According to analyst forecasts, the price will stay where it is for this year.
