Clash

Coin

<ul class="news-points">
 <li>SEC objects to Ripple sealing documents in XRP lawsuit.</li>
 <li>Regulator argues documents are key to determining remedies.</li>
 <li>XRP token price up despite ongoing legal battle.</li>
</ul>
The SEC has filed an objection to Ripple Labs’ motion to keep certain documents confidential in the ongoing lawsuit over the sale of XRP tokens. The SEC is arguing that the documents in question are essential to the case and should be made public.
Earlier, Ripple filed a motion requesting the court to <a href="https://coinedition.com/ripple-moves-to-seal-documents-in-secs-battle-whats-behind-the-sealed-documents/" rel="noopener noreferrer nofollow">seal sensitive business information</a>, including financial statements and details about its business relationships. The company argued that this information is not relevant to the core legal issues of the lawsuit.
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In its recent filing, the SEC disputed Ripple’s claims, asserting that the company is seeking to conceal information that is critical to determining appropriate remedies in the case. The regulators added that the documents in question are fundamental to the requested remedies. The SEC further argued that there is a strong presumption of public access to court filings, and Ripple has not met the burden of justifying secrecy.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “The SEC does not oppose Ripple’s request to seal five…
</blockquote>
The post <a href="https://coinedition.com/public-vs-private-sec-ripple-clash-over-disclosure-in-xrp-case/" rel="noopener noreferrer nofollow">Public vs. Private: SEC, Ripple Clash Over Disclosure in XRP Case</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Public vs. Private: SEC, Ripple Clash Over Disclosure in XRP Case

Coin Edition

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