There has been a hot development in the case of the Securities and Exchange Commission (SEC), which is closely related to XRP investors, and each time brings a different breath to the events.
As it is known, the SEC applied to the court on October 15, 2021 to submit 3 additional documents for the plaintiff’s review, and Ripple counterattacked on October 22, with the move to sign the annexes to the agreement.
According to Ripple’s seal appeal, the defendants had already met with the SEC beforehand. Plaintiff did not object to submitting these materials under signature. On the other hand, the defense stated that these documents filed under signature are kept confidential by the SEC.
#XRPCommunity #SECGov v. #Ripple #XRP 1/2 Court grants the Ripple Defendants’ Motion to Seal the privilege logs attached to their October 22nd response to the SEC’s filing. That filing was the one where the SEC argued it didn’t have to turn over to Ripple the three additional
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) October 29, 2021
And as a result, the defendants argued that the documents in question were not judicial documents and did not have public access.
Especially the SEC, which has been fighting against Ripple, still does not play its cards open and seems determined to use all the means at its disposal to push the case to the fullest.
The outcome of the lawsuit in favor of Ripple is something investors are looking forward to. As a matter of fact, it has the effect of returning the XRP price to its old days.
For this reason, every development regarding the Ripple case is closely followed. Let’s see what the next process will bring to the agenda.