SEC Wants To Protect Expert Witnesses By Sealing Information In The XRP Lawsuit

In its action against Ripple (XRP), the U.S. Securities and Exchange Commission has filed a motion to seal portions of the documents that contain information identifying its expert witnesses.

In its move on Friday, the SEC stated that it wanted to seal some of the details from the reply briefs from August 30 in order to support earlier requests by the SEC and Ripple to exclude expert testimony from the SEC.

“The SEC’s proposed redactions are intended to protect the identities of the SEC experts,” the SEC said.

The SEC filed a complaint against Ripple in December 2020, claiming that the company sold over $1.38 billion worth of XRP, the native coin of the XRP Ledger developed by Ripple Labs, in an unregistered securities offering.

Additionally listed as co-defendants by the SEC for allegedly aiding and abetting Ripple’s crimes were the CEO Brad Garlinghouse and executive chairman Chris Larsen.

In an effort to hasten the case’s conclusion, the SEC and Ripple jointly submitted a letter to the court on Thursday outlining specific timetables for redactions related to sealing concerns. This action is largely viewed as an effort by both parties to expedite the litigation.

At the time of writing, XRP is trading at

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News