Ripple and US SEC Move to File Documents Under Seal

Ripple Labs and US SEC filed a joint motion to seal key information in the remedies-related briefing, as per latest court filing. Defendants and plaintiff’s attorneys request Judge Torres to approve the proposal as it will ensure prompt, public access to the parties’ briefs, with some redactions.

If granted, some details regarding Ripple’s financial statements and post-complaint XRP institutional sales will remain hidden from XRP army and crypto community. This will impact market sentiment as the potential outcome and end date of the long-running SEC v. Ripple Labs lawsuit to remain uncertain.

Furthermore, the parties have proposed a schedule for redactions after reply briefs to the SEC’s remedies-related opening brief on May 6.

March 22: The SEC files its opening remedies-related brief and supporting declarations and exhibits under seal.

March 25: Parties meet and confer to identify redactions

March 26: The SEC files a public, redacted version of the brief as per redactions requested by parties and third parties

On April 22, which is the deadline for Ripple to file its opposition to the brief, a redacted version of its opposition brief and documents will be filed by Ripple.