- Ripple and the SEC have both filed new motions calling for documents to be desealed.
- XRP has preferred to continue the bullish trend over the past 24 hours despite the downside risks.
The jury participates in ripple [XRP] fall with SEC An intensive session on Thursday, December 22nd, after both parties submitted new deposits. The applications remained pending, pending summary judgment. For Ripple, it felt it necessary for the court to seal certain “highly sensitive and confidential documents” in their entirety.
Read Anticipate ripple price 2023-2024
Keep finances away from prying eyes
to me RequestsFrom a blockchain payment company, public access to its financial report could endanger the company’s business. Therefore, its application sought to seal everything related to financial information, internal financial reports, and confidentiality agreements. Regarding its position, the Ripple movement noted that,
“Defendants seek to seal or accurately redact a limited number of documents that reflect, or prepare copies of, Ripple’s audited financial statements or internal financial statements and confidential forecasts. These documents and information are not available to the public and disclosure of them could cause significant harm to Ripple’s business interests.” and competitiveness.”
Elsewhere, Ripple also asked the court not to reveal the identities of non-party employees at the company. This was because Ripple deemed it irrelevant.
However, the SEC had another school of thought On any document must be stamped. In its own filing, the regulator asked Chief Justice Annalisa Torres to shut down three categories of information used during the legal battle.
While it agreed with Ripple to seal the defendant’s financial information, the SEC added that the court also closed the regulator’s internal deliberations.
The SEC proposal specifically referred to William Hinman’s letter As an essential part it should be kept out of the public eye. This was a document that I repeatedly asked to be ignored.
In its defense, the SEC said the letter had nothing to do with the jury’s decision. Since the commission has never released such information, the proposal reads:
“The SEC’s mandate overrides the public’s right of access to documents unrelated to the court’s summary decision. Accordingly, the SEC respectfully requests that Hinman’s letter documents be sealed in their entirety and that all references to them be removed from the defendants’ papers.”
Potential rise of 16.32 times If XRP reaches the Bitcoin market cap?
XRP: Choosing Courage…
After the development, XRP chose to listen to the bullish trend. Register An increase of 2.10% in the last 24 hours. Meanwhile, technical indicators showed that XRP was trying to turn around from its bearish momentum.
At the time of writing, the Relative Strength Index (RSI) is at 38.99. Barring potential selling pressures, XRP could surpass its proximity to the oversold region.
However, the condition shown by the Moving Average Convergence Divergence (MACD) indicates a possible change to exit from the bearish state. This was due to the assumption of a dip below zero for both buying and selling strength. Although overbought will ensure the token stays away from the drop.