In the ongoing legal conflict between#Rippleand the US Securities and Exchange Commission (SEC), which has greatly impacted the price of #XRP, the two sides are at odds over whether to allow testimony from the SEC's Deputy Chief Accountant Andrea Fox. Ripple recently filed a letter supporting its request to dismiss the new expert evidence. They argue that Fox's statements qualify as expert testimony and should have been introduced earlier in the remedial discovery phase. The SEC plans to respond by May 6, and the court is expected to issue a decision shortly thereafter.

The Ongoing War Between Ripple and the SEC

The SEC's latest filing included Deputy Chief Accountant Andrea Fox's statements regarding Ripple's financial statements. Ripple labeled the remarks as “new expert materials” and argued that they should have been filed earlier in the discovery phase of the now-closed case.

In response, the SEC countered that Fox's comments were "facts and some basic arithmetic" and not expert testimony. As a result, the SEC requested that the court deny Ripple's request to exclude these new expert materials from the case.

Ripple vs SEC Lawsuit Update: Ripple Asks Court to Reject SEC Expert Evidence

Yesterday, Ripple filed a letter in support of its motion, arguing that statements made by the SEC's Deputy Chief Accountant Andrea Fox qualify as expert testimony. The letter explains that Fox's analysis, which used accounting expertise to evaluate Ripple's financial records, should have been disclosed earlier in the remedies discovery phase of the case. Ripple's letter states that regardless of whether Fox is considered an expert or summary witness, the SEC is obligated to disclose this information before the end of this phase.+++