SEC vs. Ripple: Motion to Seal
There was no SEC vs. Ripple case-related news to influence buyer demand for XRP. Investors awaited the court ruling on the Ripple Motion to Seal. Ripple filed the Motion to Seal to seal non-public information, including financial statements and agreements with business partners.
The SEC responded to the Motion to Seal, arguing that information considered in a court ruling should be a matter of public record. Disclosure of contractual agreements could affect future business dealings as Ripple expands its remittance business globally.
However, the court ruling on the penalty for breaching US securities laws will likely impact XRP more.
