April

Redacted

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ripple-gains-ground-as-court-approves-confidentiality-in-sec-case" rel="noopener noreferrer nofollow">Ripple Gains Ground as Court Approves Confidentiality in SEC Case</a><br></p>
<p style="text-align: justify">In a recent legal development, <a href="https://en.bitcoinhaber.net/promising-outlook-for-xrp-analyst-dark-defender-anticipates-major-surge" rel="noopener noreferrer nofollow">Ripple</a> has achieved a minor victory in its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC). Judge Analisa Torres has consented to a mutual request to seal sensitive documents presented by both entities. This agreement was reached on March 20, 2024.</p>
<h2 id="settlement-discussions-protected">Settlement Discussions Protected</h2>
<p style="text-align: justify">The sealing of documents includes potential settlement discussions in the case, which could contain sensitive financial information from Ripple’s accounts post-SEC’s December 2020 litigation regarding <a href="https://en.bitcoinhaber.net/ripples-scheduled-release-of-1-billion-xrp-a-detailed-overview" rel="noopener noreferrer nofollow">XRP</a> sales. Both Ripple and the SEC have argued for the sealing to safeguard proprietary financial data.</p>
<p style="text-align: justify">The court’s acceptance of the joint request paves the way for a modified timeline and procedures for redacting settlement-related documents. This compromise will shed light on the central points of contention between the parties, while withholding any sensitive business information from public view.</p>
<h2 id="revised-timelines-and-openings-for-settlement">Revised Timelines and Openings for Settlement</h2>
<p style="text-align: justify">The updated schedule introduces new dates for filing briefs and redaction negotiations. The SEC will file its initial brief on March 22, with a period to discuss redactions following. Redacted briefs are expected to be made available to the public, with the SEC releasing theirs on March 26 and Ripple on April 22.</p>
<p style="text-align: justify">With a response deadline of May 20, the extended timeline is supposed to allow for a detailed examination of the arguments for settlement, fostering a chance for the dispute to be resolved amicably. Speculation is rife among legal commentators that Ripple and the SEC might reach a settlement before the case proceeds to court.</p>
<h2 id="implications-for-xrp-s-market-performance">Implications for XRP’s Market Performance</h2>
<p style="text-align: justify">The legal battle has undeniably influenced XRP’s market value, with a recent 4.43% surge in response to the latest developments. Nevertheless, the long-term effects on XRP’s performance are still indeterminate, tied closely to the SEC’s scrutiny of its sales. While a previous ruling in July 2023 deemed XRP not a <a href="https://en.bitcoinhaber.net/feb-2024-sees-substantial-dip-in-cryptocurrency-thefts" rel="noopener noreferrer nofollow">security</a> under U.S. law, offering some respite to Ripple, the definitive impact on XRP’s worth hinges on the case’s conclusion, which may not arrive until 2025.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ripple-gains-ground-as-court-approves-confidentiality-in-sec-case" rel="noopener noreferrer nofollow">Ripple Gains Ground as Court Approves Confidentiality in SEC Case</a></h5>

Ripple Gains Ground as Court Approves Confidentiality in SEC Case

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