The post Ripple To Spend $250,000 For Transparency, But Will It Pay Off? – appeared first on Coinpedia Fintech News
In a decisive move amidst the ongoing legal battle with the Securities and Exchange Commission (SEC), blockchain payment giant Ripple is reportedly ready to foot a bill of no less than $250,000!
The Price for Transparency
This massive sum, according to renowned cryptocurrency legal expert John Deaton, would cover a meticulous review of the company’s summary judgment materials.
Deaton suggests that Ripple’s commitment of this sum would facilitate a rigorous review by a cadre of paralegals, associates, and partners. Their task would be to ensure that all redactions meet the criteria set forth by Judge Torres’ verdict. Further, they would be responsible for scrutinizing the SEC’s submissions.
Related: Ripple CEO Reveals $200M Lawsuit Expense, Slams US Crypto Policies – Coinpedia Fintech News
Yesterday saw both the SEC and Ripple’s legal team filing a joint let
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