Ripple Vs SEC

The SEC plans to appeal a court ruling on Ripple’s XRP sales

The US Securities and Exchange Commission (SEC) intends to challenge a court decision that ruled against Ripple Labs in relation to the categorization of XRP sales. The SEC intends to contest the ruling that classifies the secondary market sales of XRP as non-securities, potentially influencing the regulatory framework for crypto. The appeal is a response to a partial summary decision issued by Judge Analisa Torres in 2023. The SEC contends

Ripple Labs requests the court to seal sensitive documents in the US SEC case to protect its financial data

Ripple Labs requested the Southern District of New York to keep certain documents connected to the SEC’s Motion for Judgment and Remedies on May 13, 2024, confidential. The “Remedies Materials” provide financial data, including audited accounts, revenue, and expenses. Attorney Andrew J. Ceresney, representing Ripple, sent a letter to Judge Analisa Torres to clarify the motion. According to him, revealing Ripple’s financial status, business tactics, sources of income, and expenditure