In the ongoing legal battle between Ripple and the SEC, the crypto company has filed a response in support of its motion to seal documents related to the SEC's Motion for Judgment and Remedies. The move comes amid the regulator's request for $2 billion in penalties related to Ripple's institutional XRP sales.
The latest filing seeks to counter two primary arguments made by the SEC. First, Ripple disputes the claim that historical contracts are no longer relevant due to changes in the way Ripple sells XRP.
The company reports that these contracts, despite being older, contain sensitive terms that could provide undue leverage to future counterparties. Ripple asserts that while it no longer sells XRP in the same manner as it did during the period under review, the details of these past transactions remain commercially significant.
