In the ongoing Ripple vs SEC lawsuit, Senior District Judge Phyllis J. Hamilton has granted Ripple CEO Brad Garlinghouse’s request to seal specific court documents. The decision also applies to the plaintiff’s motion to seal certain exhibits, marking a critical moment as the case progresses to the appeals stage.
Following the news, the price of XRP has increased by 1.70% and is currently trading at $2.31. However, XRP has been unable to surpass its critical resistance level of $2.51, despite announcements from the pro-crypto administration under Trump. The market is buzzing with the news of Trump meeting the Ripple CEO, as many expect that Trump’s administration will resolve the Ripple case this year.
In court, the judge agreed that the sealing requests align with the Ninth Circuit’s “compelling reasons” standard, which balances the need to protect confidential and sensitive information against the public’s right to access. Ripple’s motion covered eight exhibits related to their summary judgment and 56 exhibits opposing the plaintiff’s motion. The plaintiff also sought to seal portions of exhibits containing sensitive information, including personal and confidential details.
The court also approved the SEC’s request to seal parts of its exhibits, including evidence tied to expert testimony. The judge agreed that both sides had valid reasons to keep these materials private, ensuring fairness as the case moves forward.
The XRP community is now focused on the SEC’s next move. The regulator is preparing to file its main appeal brief, which could shape the future of this high-stakes case. Some legal experts believe that the appeal might not go far, pointing out that pro-crypto voices could influence the SEC to reconsider its stance.
This legal battle has become a pivotal moment for the crypto industry. Ripple’s earlier victory in the summary judgment was a major blow to the SEC’s claims that XRP is a security. Now, as the case moves to appeals, the outcome could set a precedent for how cryptocurrencies are treated in the U.S. Ripple’s ability to shield sensitive information is a small but important win, keeping its focus on the bigger fight ahead. The crypto world will be closely watching as the SEC files its appeal and the case unfolds.
On the technical front, XRP is currently in a consolidation phase, with a common “cooling-off” period after big price moves. Investors should remain patient and watch key levels, as a breakout above $2.51 could spark a rally. Broader market trends, like Bitcoin’s performance, may also influence XRP’s next big move.`Subscribe Now
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if (showDownloadRepRipple vs SEC Case: Appeals Stage Begins
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is still ongoing and has now entered the appeals stage. Both parties are filing motions and awaiting further developments in the case.
The XRP Lawsuit: Current Status
Contrary to some rumors, the XRP lawsuit has not been settled yet. Ripple and the SEC are still engaged in legal proceedings. The appeals stage marks the continuation of the case, with both sides presenting their arguments and evidence.
What’s Next?
As the Ripple vs SEC case moves forward, it is crucial to monitor the legal developments to understand the potential impact on Ripple and the broader cryptocurrency industry. The outcome of this case could have significant implications for crypto regulations.
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FAQs
Is the Ripple vs SEC case over?
No, the case is not over. It’s now at the appeals stage, with both sides filing motions and awaiting further legal developments.
Is the XRP lawsuit settled?
No, the XRP lawsuit is not settled yet. The case is ongoing, with Ripple and the SEC still in legal proceedings, now entering the appeals stage.
Tags: Crypto Regulations, Ripple (XRP)