24/7 Cryptocurrency News

Ripple Vs SEC: What Information Will Be Released Publicly?

A recent development in the long-running Ripple-SEC lawsuit shows that only select information around the case will be released publicly. 
Published by
Ripple Vs SEC: What Information Will Be Released Publicly?

A recent development in the long-running Ripple-SEC lawsuit shows that only select information around the case will be released publicly.

Advertisement

SEC to file its position by June 14

The Securities and Exchange Commission briefed the court over the Movants’ motion for leaving to file an amicus reply. Ripple requested the court that its reply should be public. However, the court ordered the commission to alter and justify its position on sealing by June 14 without further delay.

Attorney James Filan took to Twitter highlighting that the documents filed by the Ripple Defendants and SEC will remain under seal until Judge Torres takes her decision. It added that Court will decide what should be made public and what should remain under seal.

Meanwhile, the regulator also filed a letter requesting the court to seal a portion of Ripple Defendants’ latest filing. The Ripple in the filing wrote about the SEC’s insufficient response regarding the Fourth Set of request admission. It added that the Defendants do not object to the commission’s sealing request.

Advertisement

Court to decide over sealing of memos

The Commission’s letter mentioned that whether a document is subject to sealing will rely to the court’s examination. SEC listed that
1) whether the memos qualify as judicial documents
2) The presumption of public access attached to a court document
3) Factors that might exceed the right of public access to that document.

It raised a point that a document named Exhibit A has a tendency to influence the court ruling on the pending motion. While it added that the same memo is also entitled to a presumption of public access.

Meanwhile, such delays in the case have already affected the growth of Ripple’s XRP token. The XRP token is down by 5% in the last 24 hours. It is trading at an average price of $0.38, at the press time.

Advertisement

Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Breaking: Grayscale Solana ETF (GSOL) to Trade with 0.35% Fee

With the U.S. Securities and Exchange Commission's (SEC) final decision on Grayscale Solana ETF (GSOL)…

October 10, 2025
  • 24/7 Cryptocurrency News

Roger Ver, ‘Bitcoin Jesus,’ Settles $48M Tax Fraud Case with U.S. DOJ

Roger Ver, widely known in the crypto world as “Bitcoin Jesus,” has reached a settlement…

October 10, 2025
  • 24/7 Cryptocurrency News

Senate Democrats’ New DeFi Regulation Proposal Stalls Crypto Market Structure Talks

Senate Democrats have proposed new regulations for decentralized finance (DeFi) that they want to include…

October 10, 2025
  • 24/7 Cryptocurrency News

Zcash (ZEC) Extends Rally Above $200 as Privacy Narrative Gains Reflexive Momentum

Zcash (ZEC) now trades above $200. The rally reflects a reflexive surge in investor belief,…

October 10, 2025
  • 24/7 Cryptocurrency News

Pump.fun Rival Zora Rallies Over 30% Following Robinhood Listing

Zora, Coinbase-based creator economy platform, has been listed on Robinhood. This also highlights its increased…

October 9, 2025
  • 24/7 Cryptocurrency News

Peter Brandt Lists XRP Among Shorts Amid Crypto Market Crash

Veteran trader Peter Brandt has doubled down on his bearish XRP prediction. This time, he…

October 9, 2025