According to CryptoPotato, the legal conflict between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to escalate. The latest move comes from the regulator, which filed its remedial response and supporting evidence in a sealed manner. The redacted and public versions of these data should be filed before May 8.
Prior to that, the parties should meet and negotiate to determine the redactions each party wishes to make. That’s not the only development this month. On May 13, the court’s opponents will file a comprehensive letter motion requesting that all materials related to the remedial brief, such as documents, declarations, and supporting exhibits, be sealed. A week later, they should file a letter brief opposing the comprehensive letter motion.
XRP’s price reacted positively to the recent progress, briefly rising to nearly $0.57. In the following hours, it fell back to its current level of $0.54 (according to CoinGecko), a 5% increase on a weekly basis.
