Analisa Torres, the presiding judge in the ongoing legal battle between the Securities Exchange Commission (SEC) and cryptocurrency startup Ripple, according to a tweet shared by defense attorney James Filan, has dismissed the regulating agency’s request to seal the case as part of its resistance to the filing by six XRP investors of a brief about the view of one of the agency’s experts, Patrick Doody.
The justifications mentioned in the SEC’s request to seal the materials were not accepted by Ripple and the Individual Defendants. According to the blockchain industry, four of the five grounds cited by the SEC in the request letter do not constitute a risk to human life.
The SEC’s application to seal was denied by Judge Torres because the issues raised by the group in its petition only apply to a section of the objection, not the entire document.
Furthermore, the court asks the SEC to file a statement outlining its proposed omissions and detailing which exhibits it seeks to seal no later than June 14, 2022. The court agreed with Ripple, stating that the SEC was attempting to restrict more information than was necessary.
Ripple Labs and the US Securities and Exchange Commission have been in a legal battle for quite some time, and fresh documents are being filed in the case every day. Even the court appears to be bored with the case and wants to be done with it at this point.
The new ruling comes after Judge Sarah Netburn called an SEC-Ripple conference to consider the SEC’s claims that William Hinman’s speech records are protected by attorney-client privilege.
