A new court ruling on the legal battle between Ripple and SECGov has excluded the agency's key expert witness
The court has now ruled on the parties' motions to preclude expert testimony from consideration at summary judgment and trial.
However, one of the key outcomes of the ruling was the exclusion of Expert No. 1, Patrick Doody, from testifying about the perceptions of a reasonable XRP purchaser.It is worth noting that the SEC had previously hired Doody to analyze the expectations of token purchasers, but the judge has now granted Ripple's motion to exclude his testimony.
Jeremy Hogan, an attorney who has been following the Ripple case closely, also took to Twitter to express his thoughts on the ruling. Hogan noted that the SEC's only expert witness on the subject of"reasonable" expectation of profits had been struck down, leaving the agency in a difficult position.
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