SEC Files Opposition To Ripple’s Latest Motion
The US SEC opposes Ripple's request to conceal financial details in their ongoing legal dispute, arguing public disclosure is crucial for transparency. The SEC insists on revealing Ripple's financial figures relevant to penalties, discounts offered to investors, and historical sales data. The SEC and Ripple began their legal battle in December 2020, with the SEC seeking over $2 billion in fines. Ripple filed a motion to seal or redact certain documents to protect business interests, citing harm from public disclosure. The SEC maintains that transparency is necessary for understanding Ripple's practices and plays a significant role in the legal process.