In the wake of the SEC lawsuit filed against Ripple in 2021, the company has shifted to using the USDT stablecoin as its bridge currency for On-Demand Liquidity (ODL) transactions. This move, highlighted by blockchain analyst Crypto Eri, aligns with Ripple’s commitment to adhering to regulatory standards.
Ripple has filed a motion to strike new expert testimony submitted by the SEC in its motion for remedies and entry of final judgment. Ripple’s legal team has accused the SEC of “sandbagging,” a practice prohibited by federal rules. The court is urged by Ripple to strike the Fox Declaration along with any mentions of it in the SEC’s remedies motion.
In a recent legal battle, Ripple has filed a motion to strike expert materials submitted by the U.S. Securities and Exchange Commission (SEC). This move challenges the SEC’s procedural violations and alleged practice of “sandbagging,” a prohibited practice under Federal Rule of Civil Procedure. Ripple has also urged the court to disregard the Fox Declaration and any references to it in the SEC’s motion for remedies.
