Ripple vs. SEC: Critical Deadline Approaches as XRP Case Intensifies
The SEC and Ripple are facing a crucial deadline of July 8 to present their revised motions on the contested sealing of certain parts of their briefs in the XRP lawsuit. Legal analysts note that the SEC is now keen on a swift resolution as the case appears to be increasingly unfavorable for the agency. A victory for Ripple could significantly boost XRP’s value.
Over the past year, the lawsuit has seen more activity after nearly three years of stagnation. The next key date is July 8, when both parties must submit their updated motions.
The latest contention involves a motion to seal some lawsuit information to protect Ripple’s business interests. Ripple argues that public disclosure of trade secrets could harm its partnerships and competitive edge. Predictably, the SEC opposed this motion. Now, both sides must revise their motions and resubmit them within 14 days. This could result in another setback for the SEC, adding to its list of courtroom defeats against Ripple. Initially, the SEC’s lawsuit aimed for a swift settlement and substantial fines, as achieved with other crypto firms.
Read More: https://onthenode.com/news/ripple-vs-sec-critical-deadline-approaches-as-xrp-case-intensifies
The SEC and Ripple are facing a crucial deadline of July 8 to present their revised motions on the contested sealing of certain parts of their briefs in the XRP lawsuit. Legal analysts note that the SEC is now keen on a swift resolution as the case appears to be increasingly unfavorable for the agency. A victory for Ripple could significantly boost XRP’s value.
Over the past year, the lawsuit has seen more activity after nearly three years of stagnation. The next key date is July 8, when both parties must submit their updated motions.
The latest contention involves a motion to seal some lawsuit information to protect Ripple’s business interests. Ripple argues that public disclosure of trade secrets could harm its partnerships and competitive edge. Predictably, the SEC opposed this motion. Now, both sides must revise their motions and resubmit them within 14 days. This could result in another setback for the SEC, adding to its list of courtroom defeats against Ripple. Initially, the SEC’s lawsuit aimed for a swift settlement and substantial fines, as achieved with other crypto firms.
Read More: https://onthenode.com/news/ripple-vs-sec-critical-deadline-approaches-as-xrp-case-intensifies
| 27,000 mlx | |
| 35 | |
| 0 |
0 comments