Ripple and US SEC Propose to Keep Key Details in Remedies-Related Briefing Sealed from Public Access
Ripple Labs and the US Securities and Exchange Commission (SEC) have jointly proposed to keep key details in remedies-related briefing sealed from public access in the ongoing XRP lawsuit. The proposal requests Judge Torres to approve the motion, which will ensure prompt public access to the parties' briefs with some redactions. If granted, some details regarding Ripple's financial statements and post-complaint XRP institutional sales will remain hidden from the public, impacting market sentiment. The lawsuit is expected to continue for several more months with a final judgment likely coming next year. XRP price has dropped over 3% in the past 24 hours, currently trading at $0.58.
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