👀 Watchlist Winners: Copy Legendary Investors' Portfolios in One ClickSee Undervalued Stocks

Ripple Moves to seal Documents in SEC’s Battle: What’s Behind the Sealed Documents?

Published 05/14/2024, 10:45 PM
Updated 05/14/2024, 11:15 PM
© Reuters.  Ripple Moves to seal Documents in SEC’s Battle: What’s Behind the Sealed Documents?
XRP/USD
-

  • Ripple is attempting to preserve critical business information in its legal battle with the SEC, underlining possible dangers to its connections and market status.
  • The ruling of Ripple’s case against the SEC could set a precedent for how digital assets are regulated.
  • Despite legal challenges, Ripple’s XRP remains stable in price and trading volume, indicating resilience.

James K. Filan, a defense lawyer, claimed that Ripple, the blockchain firm that created the XRP cryptocurrency, has filed a motion to seal some of the documents related to its ongoing legal case with the United States Securities and Exchange Commission (SEC).

The request aims to safeguard sensitive details such as financial statements and business connections from public exposure. Moreover, Ripple asserted that the redacted information would not significantly impact the court’s decision-making process regarding the motion for Judgment and Remedies.

The SEC di…

The post Ripple Moves to seal Documents in SEC’s Battle: What’s Behind the Sealed Documents? appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.