The legal conflict between Ripple and the US Securities and Exchange Commission (SEC) continues. Most recently, the regulator denied Ripple's request to suppress financial and securities sales information because "judicial documents" were at the heart of the parties' arguments in support of their proposed settlement. 🏛️📊

The SEC stated that this data could provide greater clarity about Ripple's XRP sales and play a key role in the legal process. He opposed Ripple's request to conceal "information about its income and expenses" starting in 2014.

The case began in December 2020, when the SEC accused Ripple and some of its executives of illegally raising over $1.3 billion through an unregistered securities offering through the sale of XRP. During this time, the case went through many updates and reached the hearing stage on April 23, 2024.

Both parties submitted documents and letters, American lawyer Jeremy Hogan stated that they should wait for the judge's decision. Hogan predicted officially closing the case this summer with a $100 million settlement. This potential amount is much less than the $2 billion penalty sought by the SEC and much more than the $10 million Ripple agreed to pay.