Ripple Notches Another Win As Court Thumbs Down SEC Motion To Seal

2022-6-11 18:30

As the Ripple community braces for the major ruling on the key judgement on the Hinman 2018 documents, Ripple Labs has scored another victory as presiding judge Analisa Torres denied the SEC’s petition to seal its objection to Amici participation.

According to a tweet posted by defense lawyer James Filan, Torres has rejected the SEC’s request to seal the case as part of its objections to the filing of a brief by six Ripple investors regarding the determination of one of the commission’s experts, Patrick Doody.

“The Court refuses SEC’s Motion to Seal and Orders it to file by June 14 a redacted version of the brief and exhibits under seal, redacting information only to the extent necessary to protect information sought to be filed under seal,” tweeted Flan.

Suggested Reading | Forbes 2022 Top 50 Fintech List Includes 9 Crypto Companies

Ripple Objects SEC Conditions For Sealing

Ripple, a cross-border payments startup based in the United States, and the Individual Defendants did not agree with the SEC’s terms for sealing the documents.

The price of XRP increased following the announcement (CrowdWisdom360).

SEC’s multiple and contradicting views on the speech were disclosed by Judge Netburn as the plaintiff now alleges that notes and emails are “safeguarded by attorney-client privilege, after being denied the deliberative process privilege.”

The price of XRP, Ripple’s native coin, increased somewhat following the announcement. As of late Friday, the price of XRP had increased by 1.5 percent, surpassing the $0.4 threshold. Even though it was not a big gain, observers say it could benefit the cause.

Court To SEC: Explain Redactions

Based on the report, the court also demands the regulatory agency to submit a statement by June 14 justifying its proposed redactions and identifying which exhibits it wishes to seal.

Four of the five reasons cited by the SEC in its request letter “do not constitute a risk to human life,” according to Ripple.

XRP total market cap at $18.02 billion on the weekend chart | Source: TradingView.com

When the SEC moved to seal its opposition to an amici request to participate in Patrick Doody’s expert challenge, it cited safety as a rationale. However, the blockchain company and its allies promptly rebutted the SEC’s arguments.

Ripple Labs and the SEC have been embroiled in a legal spat for quite a while,  with new filings occurring every day. It appears that even the judges are growing weary and are eager to conclude the case at this stage.

Featured image from Coinpedia, chart from TradingView.com

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Ripple (XRP) на Currencies.ru

$ 0.532 (+0.47%)
Объем 24H $1.172b
Изменеия 24h: 0.12 %, 7d: -0.40 %
Cегодня L: $0.5231 - H: $0.532
Капитализация $29.491b Rank 7
Цена в час новости $ 0.3634 (46.4%)

ripple sec seal another presiding judge participation

Источник: bitcoinist.com

ripple sec → Результатов: 126


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SEC сняла обвинения против руководителей Ripple

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Ripple устроит вечеринку, чтобы отпраздновать победу над SEC

Компания Ripple пригласила криптосообщество на торжественное мероприятие по случаю победы в судебном споре с Комиссией по ценным бумагам и биржам США (SEC). В официальном уведомлении компания Ripple сообщила, что мероприятие состоится 29 сентября в самом центре Нью-Йорка.

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SEC moves to appeal Ripple’s earlier victory

The U.S. Securities and Exchange Commission (SEC) moved to file an interlocutory appeal against Ripple on Aug. 18 as part of its ongoing case against the firm. Judge Analisa Torres in the Southern District of New York previously issued rulings on Ripple’s programmatic exchange sales of XRP and its distributions of XRP as payment for […] The post SEC moves to appeal Ripple’s earlier victory appeared first on CryptoSlate.

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Judge grants SEC request to file appeal in Ripple case

Judge Analisa Torres has allowed SEC to file an appeal against July 13 ruling on XRP. SEC to file by August 18 and Ripple to respond by September 1. The latest Ripple news is that Judge Analisa Torres, who ruled in July that public sales of XRP did not constitute an investment contract and thus […] The post Judge grants SEC request to file appeal in Ripple case appeared first on CoinJournal.

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Ripple требует отклонить апелляцию SEC

Компания Ripple Labs выступила против апелляции Комиссии по ценным бумагам и биржам США (SEC) на решение суда о непризнании токена XRP ценной бумагой. В письме суду юристы Ripple объяснили, что SEC не смогла выполнить тест Хауи в отношении XRP.

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