Ripple Files Motion to Seal Documents in SEC Legal Battle

Tuesday, 14 May 2024, 09:22
Ripple has requested the court to seal confidential financial data related to its business agreements to protect its competitive position. The company's CFO argues that public disclosure would harm business relationships. The SEC, on the other hand, accuses Ripple of planning to issue new unregistered crypto assets, citing recent announcements.
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Ripple Files Motion to Seal Documents in SEC Legal Battle

Ripple v. SEC: Confidential Financial Data

As the legal battle continues, Ripple seeks to seal documents containing sensitive financial and pricing terms negotiated with business partners to safeguard its competitive position.

Ripple's CFO highlights the importance of protecting sensitive business information to maintain strong business relationships and competitive edge in the market.

Discounts to Institutional Buyers

Ripple's legal team aims to protect certain discounts offered to institutional XRP buyers to maintain confidentiality of commercially sensitive information.

The SEC accuses Ripple of planning to issue unregistered crypto assets, citing recent announcements as evidence of regulatory violations.

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