Ripple And SEC Conflict Continues: Ripple Opposes SEC’s Final Move!

Ripple Labs against SEC US lawyer and former federal prosecutor who has followed his case closely since it began two years ago James K. Filanshared a new update on the case on Twitter.

Ripple Opposes SEC’s Attempt to Hide Documents Related to Summary Decision

He noted that Ripple’s legal team was responding to the regulator’s recent move to reorganize some of the documents it submitted regarding summary judgment. Apparently, these documents indirectly Dr. Hinman’s about their e-mails.

According to the Dropbox link to the document Filan shared in his tweets, Ripple opposed the SEC’s request to hide documents it previously submitted regarding the parties’ mutual requests for summary judgment.

In their letter, Ripple defendants stated that it is vital that judicial documents be accessible to the public as the case is in the summary judgment stage.

According to the letter, in this particular case, the regulator’s legal team intends to conceal “the names and credentials of witnesses whose testimony the SEC plans to rely on to prove its case, without identifying any compelling interests that show that confidentiality is necessary.”

Filan shared the following on Twitter:

Ripple Defendants submitted their response to the SEC’s request to conceal certain documents submitted in connection with the parties’ mutual requests for summary judgment.

#XRPCommunity #SECGov v. #Ripple #XRP The Ripple Defendants have filed their Response in Opposition to the SEC’s Motion to Seal certain documents filed in connection with the parties’ Cross-Motions for Summary Judgment.https://t.co/5eljOdblxR

— James K. Filan 🇺🇸🇮🇪 126k (beware of imposters) (@FilanLaw) January 9, 2023

Ripple Defendants submitted their response to the SEC’s request to conceal certain documents submitted in connection with the parties’ mutual requests for summary judgment.

Both Ripple and the SEC had submitted their petitions for the summary decision. In December, they submitted their corrected responses in support of their proposal.

As many expected, including Ripple CEO and one of the defendants, Brad Garlinghouse, the settlement of the case could take place in the first quarter of 2023.

But CryptoLaw founder John Deaton thinks a resolution rather than settlement for the Ripple-SEC lawsuit is likely due to the Hinman emails that the SEC has done its best not to bring to court.

Earlier, Ripple chief Garlinghouse stated that if Ripple loses to the SEC, it will have to leave the US and move its headquarters to a crypto-friendly jurisdiction.

*Not investment advice.