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SEC v Ripple: Has the SEC’s latest filing put some life into this legal battle

SEC v Ripple: Has the SEC’s latest filing put some life into this legal battle

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The legal battle between American regulators and Ripple has been quiet for a couple of days now. However, the activity has recently increased.

The ever-reliable attorney James K. Filan reports that the SEC has filed its latest motion. In this latest twist, the SEC is seeking to seal portions of the parties’ responses to the exclusionary motions.

With neither side willing to back down, the infamous crypto battle continues.

The show must go on

The SEC has turned its attention to the August 30 response letters and is trying to censor parts of them. The reports contain information about the SEC’s expert witnesses, which may have unmitigated consequences for the parties involved.

These modifications are appropriate for reasons set forth in the SEC’s July 22 filing to exclude certain portions of the proposed exclusions. The court previously granted a similar motion to remove the names of two SEC experts. The court also held that such redaction is “narrowly tailored to serve the interests of witness safety.”

Defendants (Ripple) objected to the SEC’s July 22 motion to seal. However, the former did not file a response to the SEC’s request to exclude the exclusion proposal.

The verdict is now in the hands of Judge Torres as the fight continues for a month. The parties recently filed a joint motion governing sealing issues related to future summary judgment motions filed in this case.

“The joint proposal would also require the parties to provide public, redacted versions of all documents within 21 days of the court ruling on the omnibus sealing motions.”

That case doesn’t seem imminent now that the fight is on. The latest movement is a living example of this.



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