- The SEC has filed its remedies reply brief and supporting exhibits under seal in the ongoing Ripple lawsuit.
- James K. Filan, a former federal prosecutor, disclosed the sealed filing on Twitter, with public versions expected to be released by May 8, 2024.
- The crypto community is eagerly awaiting the redacted versions, which will shed light on the SEC’s arguments and potential implications for Ripple and the XRP cryptocurrency.
In the latest development in the Ripple lawsuit, the SEC has filed its remedies reply brief and supporting exhibits under seal. The crypto community eagerly awaits the release of the redacted versions, which will provide insights into the SEC’s arguments and potential implications for Ripple and the XRP cryptocurrency.
SEC Files Remedies Reply Brief Under Seal
In the ongoing Ripple lawsuit, the Securities and Exchange Commission (SEC) has filed its remedies reply brief and supporting exhibits under seal. This move precedes the release of a public version and additional sealed filings. The sealed nature of the filing indicates that it contains confidential information not yet ready for public consumption.
Public Versions Expected by May 8, 2024
James K. Filan, a former federal prosecutor who regularly shares updates on the Ripple lawsuit, disclosed the sealed filing on Twitter. According to Filan, public, redacted versions of the documents are expected to be filed by Wednesday, May 8, 2024. Other sealing-related filings are also expected to follow.
Crypto Community Eagerly Awaits Redacted Versions
The crypto community is eagerly awaiting the redacted versions of the documents, which will shed light on the SEC’s arguments and the potential implications for Ripple and the XRP cryptocurrency. Filan shares that other sealing-related filings are expected to follow, sharing a document highlighting upcoming deadlines.
Conclusion
As the SEC has now filed its final reply brief in the remedies phase, the crypto community awaits the final court decision and its potential implications for Ripple, XRP, and the broader crypto market. The forthcoming deadlines may indicate that the major filings in the remedies phase have been made, leaving only deliberations on which materials would be sealed.
