© Reuters.
Investing.com – In the lawsuit filed by the SEC against , the US stock exchange authority is not letting up and continues to try to exclude from the lawsuit certain statements by experts invited by Ripple.
The SEC has already requested the exclusion or limitation of the statements of ten experts in total. The authority has now requested a joint response of up to 90 pages, in which experts will speak to explain why the exclusion or limitation of the requested statements makes sense.
Judge Analisa Torres received the following letter from SEC attorneys:
“Plaintiff seeks permission to file a collective response of up to 90 pages to further support the collective request to exclude defendants’ expert testimony. The court has already granted the SEC’s request to file an opening brief in support of his claim of up to 120 pages”.
The SEC said in support that Ripple did not object to the original request.
Trial watchers are sure this is just another delaying tactic, as it seems almost impossible to exclude all invited experts from the trial.
“The SEC’s decision to exclude the ten experts from Ripple does not worry me. But that is exactly what the SEC intends to do. Ripple is well armed and has chosen good lawyers. It is therefore very hard to imagine Ripple and its attorneys being so negligent as to select 10 experts who could all be excluded.”
Ripple price technical benchmarks
The managed to break above the 38.2 percent Fibo retracement of $0.3432. If the bulls manage to hold above this level, a rally towards the 50 percent Fibo retracement of $0.3604 may take place. Above, the door would open for further gains towards the 61.8% Fibo retracement at $0.3776.
However, if the negative momentum intensifies and the 38.2% Fibo retracement is abandoned, losses towards the 23.6% Fibo retracement of $0.3219 are possible.
By Marco Oehrl