TechFlow news: The legal battle between Ripple and the SEC is set to conclude in the coming days. Judge Torres issued a recent ruling requiring both parties to submit public, redacted versions of their summary judgment briefs within 21 days. What once seemed like an endless fight between Ripple and the U.S. Securities and Exchange Commission (SEC) now appears to be nearing its end. According to James K. Filan, both sides have 21 days to file publicly available, edited versions of their summary judgment motions, as ordered by the court on September 12. On May 16, Judge Torres rejected the SEC’s motion to keep the Hinman documents sealed. Filan noted that June 6 marks the final day of the court-ordered 21-day period.
Additionally, Ripple CEO Brad Garlinghouse views this latest ruling as a small win and a victory for transparency. In 2020, the global payments provider was accused by U.S. regulators of raising $1 billion through unregistered securities sales of XRP. Since then, the legal battle between the regulator and the payments firm has kept the cryptocurrency market on high alert. Beyond its case against Ripple, the SEC has remained in the headlines through lawsuits targeting various exchanges.
