SEC Attempts To Seal Crucial Documents in XRP Lawsuit With Ripple
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The U.S. Securities and Exchange Commission (SEC) has filed to seal certain critical documents relating to its lawsuit against the San Francisco payments company Ripple. Last week, the SEC motioned to seal documents that contain internal SEC deliberations about a speech delivered by former SEC official William Hinman in 2018, when Hinman stated in his official capacity that he believed both Bitcoin (BTC) and Ethereum (ETH) are not securities. Defense lawyer James K. Filan first shared the court documents revealing the motion. Argue the SEC’s lawyers, “The clear lack of relevance of these documents to the summary judgment motions should
The SEC-Ripple case is now coming to an end. Last week, Ripple CEO Brad Gralinghouse announced that the SEC would withdraw its objection, and yesterday Ripple withdrew its cross-objection. Ultimately, the SEC-Ripple lawsuit will result in Ripple paying $50 million. The SEC will keep $50 million, and Ripple will get…
A popular cryptocurrency analyst and investor is tracking the trajectory of XRP after a key ruling in the SEC’s lawsuit against Ripple. On Friday, Judge Analisa Torres denied the U.S. Securities and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…