According to a news report about CryptoNewsZ, the legal battle between Ripple and the Securities and Exchange Commission (SEC) has taken a new turn. The former filed a motion with the court to dismiss a former SEC representative. Ripple wants to bring testimony from these officials to court. According to Ripple’s attorney James Filan, the request to question former SEC officials has been filed with the court as it has not yet been decided which of the ex-bureaucrats they will call to testify.
It is important to note that many senior SEC officials have left the federal agency in the recent past and all of them could be potential candidates for testimony. Prominent names include ex-commission chairman Jay Clayton. Jay opened the case against Ripple last December, and his active involvement in the case makes him a potential candidate for questioning. Other names making the rounds include Sagar Teotia, William Hinman, and Stephanie Avakian.
Interestingly, the SEC is trying to block Ripple’s filing. As noted by James, the SEC is contesting the filing request, and as a result, both parties have now called on the magistrate to decide how the lawsuit will proceed.
With the call to former SEC officials, it is unclear what Ripple is trying to accomplish. In December 2020, the SEC filed a lawsuit against Ripple because it was illegal for the company to sell its native token, XRP. In turn, Ripple alleged that the federal agency did not serve her any notice prior to filing the lawsuit. XRP’s community attorney Jeremy Hogan, the case could be closed in early 2022. It will be interesting to see how this latest development will affect XRP and if Ripple prediction for the future remains positive.