Ripple, SEC sought to seal ‘these documents’ as XRP opts for bravery
December 23, 2022
By Suzuki Shillsalot
Both Ripple and the SEC filed new motions asking for the documents’ closure.
XRP preferred to follow an uptick in the last 24 hours despite risks of decline.
The jury involved in the Ripple [XRP] case with the SEC faced an intense session on Thursday, 22 December, after both parties sent in new filings. The filings connected in anticipation of the summary judgment. For Ripple, it considered it necessary that the court seal some “highly sensitive and confidential exhibits” in their entirety.
Keep the finances from the watching eyes
According to the request from the blockchain payment firm, public access to its financial statement could jeopardize the company’s operations going forward. Hence, its filing sought to seal everything related to financial information, internal financial reports, and confidential contractual agreements.
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