2024

Seal

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<ul>
 <li>In the ongoing SEC lawsuit, Ripple files a motion to seal documents, protecting sensitive financial information.</li>
 <li>Ripple seeks to redact specific financial terms negotiated with third-party partners.</li>
 <li>Both parties have been ordered to reconsider sealing parts of their briefs by July 8, 2024.</li>
</ul>
<p>As the protracted legal battle between <a href="https://cryptonewsland.com/ripple-scores-in-oakland-class-action-amid-xrp-security-uncertainty-xrp-ath-soon/" rel="noopener noreferrer nofollow">Ripple and the </a><a href="https://cryptonewsland.com/ripple-scores-in-oakland-class-action-amid-xrp-security-uncertainty-xrp-ath-soon/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> continues, the latest development involves a motion to seal specific documents. Ripple has requested that some materials filed in connection with the SEC’s motion for judgment and remedies be kept confidential</p>
<h2 class="wp-block-heading" id="h-the-motion-to-seal-and-redactions">The Motion to Seal and Redactions</h2>
<p>Ripple has filed a <a href="https://www.binance.com/en/square/post/2024-05-14-ripple-seeks-to-seal-certain-documents-related-to-sec-lawsuit-8070268608866" target="_blank" rel="noopener noreferrer nofollow">motion to seal specific documents</a> related to the ongoing lawsuit. These documents contain sensitive information, including the company’s negotiated financial terms with third-party business partners.&nbsp;</p>
<p>The court document, addressed to Judge Analisa Torres, seeks to redact or seal this confidential data. Ripple’s proposed redactions are narrowly focused, targeting only specific financial and pricing terms negotiated between Ripple and its counterparties.&nbsp;</p>
<p>Interestingly, the court has previously granted similar redactions in connection with other motions in the case. Jonathan Bilich, Ripple’s chief financial officer, has submitted a declaration supporting the motion to seal.&nbsp;</p>
<p>Bilich emphasizes that Ripple is a private company and takes significant measures to safeguard its sensitive and proprietary business information. Public disclosure of these details could harm Ripple’s relationships with customers and other business partners.</p>
<p>Bill Morgan, a commentator on the case, explains that Ripple’s legal team aims to protect commercially sensitive information. This includes discounts offered to <a href="https://cryptonewsland.com/xrp-whales-trigger-market-movement-with-massive-transfers/" rel="noopener noreferrer nofollow">institutional </a><a href="https://cryptonewsland.com/xrp-whales-trigger-market-movement-with-massive-transfers/" target="_blank" rel="noopener noreferrer nofollow">buyers</a><a href="https://cryptonewsland.com/xrp-whales-trigger-market-movement-with-massive-transfers/" rel="noopener noreferrer nofollow"> of XRP</a>.&nbsp;</p>
<h2 class="wp-block-heading" id="h-revised-motions">Revised Motions</h2>
<p>It seems both <a href="https://ripple.com/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a> and the SEC have been ordered to reconsider their motions to seal parts of their briefs. They have until July 8, 2024, to file revised motions specifically addressing the sealing of exhibits.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">SEC v. RIPPLE <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2696.png" alt="⚖" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Upcoming Deadlines and Motions:<br><br>Both parties have been ordered to reconsider their motions to seal parts of their briefs and have until July 8, 2024, to file a revised motion to seal specific exhibits. The court’s final decision on these motions will follow… <a href="https://t.co/Ujm9690XuS" rel="noopener noreferrer nofollow">pic.twitter.com/Ujm9690XuS</a></p>— JackTheRippler © (@RippleXrpie) <a href="https://twitter.com/RippleXrpie/status/1804082512680956173?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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</figure>
<p>The battle between Ripple and the SEC continues to unfold, with confidentiality concerns taking center stage. As the legal drama plays out, the crypto community eagerly awaits further developments in this high-stakes case.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ripple-files-motion-to-seal-materials-in-sec-case-to-protect-sensitive-financial-data-court-decision-reveal-on-may-20/" rel="noopener noreferrer nofollow">Ripple Files Motion to Seal Materials in SEC Case to Protect Sensitive Financial Data, Court Decision Reveal on May 20</a></li>
 <li><a href="https://cryptonewsland.com/ripple-seeks-confidentiality-could-secs-opposition-redefine-crypto-industry-standards/" rel="noopener noreferrer nofollow">Ripple Seeks Confidentiality: Could SEC’s Opposition Redefine Crypto Industry Standards?</a></li>
 <li><a href="https://cryptonewsland.com/ripple-and-sec-battle-outline-resounding-conclusion-await-verdict/" rel="noopener noreferrer nofollow">Ripple and SEC Battle Outline Resounding Conclusion, Await Verdict</a></li>
 <li><a href="https://cryptonewsland.com/sec-vs-ripple-case-escalates-tight-seal-on-documents-public-await-redacted-version/" rel="noopener noreferrer nofollow">SEC vs. Ripple Case Escalates: Tight Seal on Documents, Public Await Redacted Version</a></li>
 <li><a href="https://cryptonewsland.com/blackrock-and-bitwise-present-revised-spot-bitcoin-etfs-amidst-price-surge/" rel="noopener noreferrer nofollow">BlackRock and Bitwise Present Revised Spot Bitcoin ETFs Amidst Price Surge</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/will-the-sec-and-ripple-meet-the-july-8-2024-deadline-for-filing-revised-motions/" rel="noopener noreferrer nofollow">Will the SEC and Ripple Meet the July 8, 2024 Deadline for Filing Revised Motions?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Will the SEC and Ripple Meet the July 8, 2024 Deadline for Filing Revised Motions?

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