The SEC Vs Ripple case is intensifying around Hinman’s speech. Recently, the court ordered SEC to provide additional documents for in camera review to justify their claim.
In a separate development in the case, the commission came forward to file its appeal to seal its response to the amici motion related to the Daubert challenge. The SEC claims that details that they want to seal have already been out in public by counsel, John Deaton.
SEC Objects To Seal Exhibit O
In a latest, the commission said it opposes Ripple’s application to seal Exhibit O to the SEC’s brief opposing the motion by six XRP investors. According to a letter shared by James Filan, the motion was to file brief regarding opinions of an SEC’s experts.
“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 expert challenge.”
The SEC stated that the fact that a document makes a party look bad or hurts a party on the merits of the case is not a legally valid justification for sealing. It added that the court had already ruled in favor of this argument about the SEC Ripple document.
