TL;DR
The SEC opposes Ripple’s motion to seal important financial data, arguing that such information is crucial for judicial decisions.
The legal battle between the entities involves allegations of illegal securities offerings by the company, with both parties recently clashing over certain witness testimony and awaiting the judge’s ruling.
The Battle Goes on
The legal spat between Ripple and the US Securities and Exchange Commission (SEC) keeps offering additional confrontation instead of a final settlement. Most recently, the regulator filed its response to the company’s motion to seal and redact some evidence related to the parties’ briefing on remedies.
“The Court should deny Ripple’s request to conceal financial and securities sales information because that information constitutes “judicial documents” as it is at the heart of the arguments the parties have presented in support of their remedies motion and could, therefore, tend to influence the Court’s reme
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