By Sarah Jarvis (April 20, 2022, 7:16 PM EDT) — A federal magistrate judge in New York has blocked an attempt by cryptocurrency company Ripple Labs Inc. to strike an expert report from the SEC in its suit claiming that the company sold billions of unregistered tokens, but the court said the agency mishandled its serving of the report, and ordered it to pay some of the company’s expenses.
Magistrate Judge Sarah Netburn of the U.S. District Court for the Southern District of New York said in an order Tuesday that the U.S. Securities and Exchange Commission’s reasoning for its delay in serving Ripple and its executives with a supplemental report…
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