🚨 **Ripple defends its privacy in court against the SEC!** 📜

🔒 Ripple Labs has filed a request to classify documents in its ongoing lawsuit with the Securities and Exchange Commission (SEC). The company argues that the documents contain confidential information such as business strategies, financial data and internal communications. Public access to this data could give competitors an unfair advantage and harm Ripple's market position.

🔏 Additionally, the proposal emphasizes the need to protect the personal data of Ripple employees and third parties. Disclosure of this information could violate their privacy and security.

⚖️ Ripple cites legal precedents where similar secrecy requests have been granted to protect against competitive harm and to protect privacy. The company emphasizes that their application is consistent with legal standards and the public interest.

📈 What do you think will be the long-term effects of this decision on Ripple and the entire crypto market?

#Ripple#SEC#Privacy#Fintech #CryptoLaw