XRP Lawsuit: Ripple Seeks Virtually No Redaction For Summary Judgment

Ashish Kumar
December 23, 2022 Updated December 24, 2022
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XRP lawsuit news

XRP Lawsuit News: The U.S. Securities and Exchange Commission (SEC) and Ripple have moved their motions ahead of the court to seal several documents. These memos are linked to the motions for Summary Judgement.

Earlier, Coingape reported that Attorney has dropped an updated schedule of filling in the XRP lawsuit.

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Ripple seeks virtually no redaction in XRP lawsuit

The XRP lawsuit is yet to see the court ruling around the Summary Judgement in the XRP lawsuit. However, Ripple has taken its last move in order to secure the ruling in its favor.

The letter mentions that Defendants submit this omnibus Letter Motion to seal certain documents. The mentioned documents were filed on September 13, October 18, and November 30 by the SEC and Defendants.

It added that Defendant looks for virtually no redactions to the Summary Judgment Briefs. While it seeks limited redactions to the statements. However, Ripple highlighted narrowly tailored redactions to certain exhibits and requests which include a small number of highly sensitive and confidential exhibits.

Ripple highlighted that their proposed sealing requests are reasonable as they are narrowly tailored to shield confidential business information. This also includes the privacy interests of many privacy.

As per the request, the sealing of highly confidential and proprietary investment memos was prepared by one of Ripple’s potential investors. It highlights that this is not relevant to the Parties’ legal dispute. While it implicate legitimate privacy interests.

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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.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.

About Author
About Author
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 [email protected]
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.