Key Takeaways



The Securities Exchange Commission and cryptocurrency payment company Ripple are at odds once again, with Ripple accusing the SEC of taking an “extreme approach” by attempting to stifle expert testimony.



The motion would shield crucial material from public view in the ongoing litigation over potentially unregistered securities.



The new events in the legal dispute between the SEC and Ripple Labs are still ongoing. The SEC filed an move to exclude (or restrict) expert testimony last week. The Ripple team agreed to the motion and also submitted a counter-move.



The Securities and Exchange Commission has taken an unparalleled step to conceal the identities of its expert witnesses, Ripple Labs Inc said in a filing in the agency’s closely watched case involving the cryptocurrency XRP. 



XRP fell 5.66 percent on Sunday, ending the week up 1.28 percent at $0.3251. Things were not looking up at the start of this week. For the second session in a row, XRP capitulated to crypto market forces.



Defence attorney James Filan provided additional updates from the SEC v Ripple case on Monday. Following expert testimony filings in late June, the focus has shifted back to expert evidence and perhaps the most subsequent amici motion.



Filan tweeted the latest court decision overnight, saying,




#XRPCommunity #SECGov v. #Ripple #XRP The SEC has filed its Response to the Ripple Defendants' Request for Expedited Briefing regarding the disputed SEC sealing requests in connection with the upcoming Daubert challenges. pic.twitter.com/sPe8LaEi1Q — James K. Filan