SEC vs Ripple: The Court Denies SEC's Motion to Seal

by in Cryptocurrency News

SEC vs Ripple court

Legal proceedings between the US Securities and Exchange Commission and Ripple continue. A few days ago, the agency submitted a motion to file Ripple's opposition brief under seal. District judge Analisa Torres, however, found sealing the brief fully isn't warranted.

Related: Ripple Grows While the Lawsuit Continues With the SEC Winning Time

Ripple defense lawyer James Filan shared the court document. It says after reviewing the filing, the Judge decided that the SEC shall file an edited version of the brief and its exhibits, under seal, that redacts the information to a degree so that it protects confidential details asked to be filed under seal.

According to the order, the SEC shall submit a letter by June 14, explaining its proposals, and making certain which parts of the document it requests to seal.

Previously, Ripple defendants filed an opposition to the SEC's motion to seal its reply to the amicus request to take part in expert SEC witness Patrick Doody’s report hearing. Doody said he knows the reasons that motivated XRP investors to purchase the crypto. Following this, attorney John Deaton presented a motion on behalf of 67,300 XRP holders, who asked the judge to allow them share their vision in the legal action.