XRP lawsuit: SEC files letter opposing 'in part' Ripple's motion to seal

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People from the XRP community have started to point fingers in the ongoing Ripple v. SEC lawsuit. Much of this stems from the fact that many lack the clarity required to understand where the case is actually at right now. The contentious question of sealing documents and depositions is a case in point.

In what is the latest development in the same, the U.S Securities and Exchange Commission has filed ^[1] its opposition to Ripple’s motion to seal. As per the same, the agency is opposing the motion to seal to the extent it seeks to “permanently redact portions of the SEC’s August 9, 2021 letter motion seeking an order compelling Ripple ^[2] to produce the relevant Slack messages.”

According to the agency, this motion to seal “fails to meet the standard set forth in Lugosch v. Pyramid Co. of Onondaga.”

“More fundamentally, Ripple’s Motion to Seal is at odds with the Lugosch presumption of access by the public to the judicial function in the context of this case.”

Curiously, while Ripple requested a seal on the exhibits of both parties, the SEC did not want everything to be hidden. Instead, the plaintiff is opposing the defendant’s motion “only in part.” This puzzled some in the community, with one user tweeting ^[3],

“The issue I have with this is why

XRP lawsuit: SEC files letter opposing 'in part' Ripple's motion to seal

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