TechFlow news, according to U.today, the U.S. Securities and Exchange Commission (SEC) requested the court on July 19 to revoke the amicus curiae status granted to XRP holders. The SEC stated that the brief submitted by these individuals merely "duplicates" the defendant's efforts. Additionally, the SEC emphasized that a Daubert motion (a motion aimed at excluding expert testimony) is not a dispositive motion.
As early as March 2021, led by attorney John Deaton, a group of XRP holders filed a motion seeking to intervene in the case. Although their attempt to intervene was rejected by the court in October last year, they successfully obtained amicus curiae status, allowing them to submit amicus briefs. In May this year, Deaton requested the court to file an amicus brief regarding the opinion of SEC expert Patrick B. Doody. Previously, on July 13, it was reported that the judge denied the SEC's motion to keep the Hinman speech documents confidential.
"Amicus curiae" refers to private individuals or organizations not directly involved in a legal case who voluntarily submit written reports to the court. Their purpose is to express opinions on legal issues related to the case, clarify legislative intent, clarify ambiguous legal provisions, or inform the court of factual circumstances, thereby assisting the court in making fairer rulings.
