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SEC Files Opposition To Ripple’s Latest Motion
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The US Securities and Exchange Commission (SEC) filed a response to Ripple’s motion application to seal and redact the company’s business details in the parties’ briefings on remedies on Tuesday.
The SEC argued that Ripple’s motion request to “conceal financial and securities sales information” from the public was unlawful, as the details in question were crucial to the requested remedies.
In addition, the SEC contended that Ripple’s redaction requests would obscure public information crucial to the court’s decisions during the remedies phase and the public’s understanding of the penalties.
#XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed its response to @Ripple’s Motion to Seal. pic.twitter.com/zH9XYWbSsh
— James K. Filan
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