Ripple Labs has won another success when presiding judge Analisa Torres dismissed the SEC’s plea to seal its objection to Amici participation, while the Ripple community awaits the big verdict on the important judgement on the Hinman 2018 documents.
Torres has rejected the SEC’s request to seal the case as part of the commission’s objections to the publication of a brief by six Ripple investors disputing the determination of one of the commission’s experts, Patrick Doody, according to a tweet shared by defense lawyer James Filan.
- “The Court refuses SEC’s Motion to Seal and Orders it to file by June 14 a redacted version of the brief and exhibits under seal, redacting information only to the extent necessary to protect information sought to be filed under seal,” tweeted Flan.
The Individual Defendants and Ripple, a cross-border payments startup based in the United States, did not agree with the SEC’s terms for sealing the documents.
Judge Netburn revealed the SEC’s various and contradictory opinions on the speech, as the plaintiff now claims that notes and emails are “protected by attorney-client privilege, despite being denied the deliberative process privilege.”
Following the news, the price of XRP, Ripple’s native coin, climbed somewhat. The price of XRP has risen by 1.5 percent as of late Friday, reaching the $0.4 mark. Despite the fact that it was not a significant win, many believe it will help the cause.
