.Ripple has slammed SECGov’s rebuttal report as “impermissible”
an “impermissible” rebuttal report written by securities and finance expert Dr. Albert Metz.
Metz, who has worked for the US Department of Justice, submitted his original report on Oct. 4. He conducted an event study in order to determine whether or not Ripple was able to manipulate the price of the XRP token with its announcements. He came to the conclusion that “certain news and public statements” did influence the token’s performance.was moving in tandem with the broader market. Metz submitted the first rebuttal report in November in response to the defendants’ expert.
The most recent one is based on counterfactual analysis, aiming to determine the token’s expected returns without Ripple’s involvement. Its purpose is to quantify the “economic significance” of the company’s public announcements.The defendants argue that the new version of the initial rebuttal report doesn’t contain any error corrections. Instead, it aims to “attack the conclusions” made by Dr. M.
The company’s lawyers claim that Metz is not supposed to have the final day in discovery, thus Magistrate Judge Sarah Netburn to exclude the report. They add that the “economic significance” part should have been included in the original report. since prolonging the case would further hurt its ability to do business in the U.S.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
XRP/USD: Early Rise Put to Sleep as Ripple Reverses LowerIn late trading last night XRP/USD nearly touched the 78 cents level, but in the past handful of hours Ripple has suffered a sharp reversal lower
Leer más »
BTC, ETH and XRP Price Analysis for March 10Can any coins withstand the fall of BTC? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie boncryp
Leer más »
Why No One From Ripple To Russia Has Been Able To Topple The SWIFT MonopolyWhile SWIFT’s role in the Russian invasion of Ukraine may be new, competitors from rogue nations to crypto nerds trying to circumvent the NATO dominated bank messaging system are far from new.
Leer más »
Ripple Plans to Upgrade Its NFT Standard via Upcoming Release: DetailsRipple intends to improve its NFT standard in a future release: details XRP ripplearmy XRPCommunity
Leer más »
Ripple Plans to Upgrade Its NFT Standard via Upcoming Release: DetailsRipple intends to improve its NFT standard in a future release: details XRP ripplearmy XRPCommunity
Leer más »
XRP/USD: Early Rise Put to Sleep as Ripple Reverses LowerIn late trading last night XRP/USD nearly touched the 78 cents level, but in the past handful of hours Ripple has suffered a sharp reversal lower
Leer más »