The SEC vs Ripple case is growing heated around Hinman’s speech. Recently, the court ordered SEC to provide additional camera review documents to justify their claim.

In a separate development in the case, the committee came forward to file its appeal to seal its response to the amici motion regarding the Daubert Challenge. The SEC claims details they want to seal have already been made public by counsel John Deaton.

SEC objects to exhibit O . to seal

In a latest statement, the committee said it is opposing Ripple’s request to seal Exhibit O with the SEC’s letter opposing the motion of six XRP investors. According to a letter shared by James Filan, the motion was intended to seek the opinions of experts from an SEC.

“The SEC has filed an objection to the Ripple defendants’ motion to seal Exhibit O. This is in connection with amici’s request to participate in the SEC’s expert challenge.”

The SEC stated that the fact that a document makes a party look bad or damages a party on the merits is not a valid justification for sealing. It added that the court had already ruled in favor of this argument over the SEC’s Ripple document.

‘Negotiated confidentiality’

The committee cited the court’s position on allowing the sealing of SEC Ripple documents. “The Court does not allow the sealing of documents merely because the information contained therein is subject to a particular protection order. Because negotiated confidentiality does not remove the presumption of access to court documents.”

The SEC Ripple case gained notoriety in the crypto space. In 2020, the SEC filed a lawsuit against Ripple and its members. The committee alleged that Ripple’s XRP token was a security and that Ripple has traded XRP tokens worth more than $1.3 billion. Ripple, dismissed allegations that the trading was purely legal, as XRP is not among the securities.

Anvesh reports major crypto adoption announcements by institutions and popular personalities. Anvesh has been associated with the cryptocurrency industry since 2016 and is a big proponent of decentralized technologies. Follow Anvesh on Twitter at @AnveshReddyBTC and contact anvesh (at) coingape.com

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