Ripple v. SEC case update as of May 21, 2024
As the wait for the final resolution to the long-running courtroom standoff between Ripple and the United States Securities and Exchange Commission (SEC) is still keeping the cryptocurrency community at the edge of its seat, the regulator has responded to the blockchain company’s request to seal certain information. Specifically, after Ripple filed its motion to seal certain documents filed in connection with the SEC’s motion for judgment and remedies, the agency replied that this information should be public, as per the document shared by a defense attorney and former federal prosecutor, James K. Filan, in an X post on May 21. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed its response to @Ripple’s Motion to Seal. pic.twitter.com/zH9XYWbSsh — James K. Filan (@FilanLaw) May 21, 2024 Ripple v. SEC: Regulator’s reasoning Indeed, as the document, addressed to Judge Analisa Torres, reads, the SEC states that the “Court should deny Ripple’s request to