{"id":11619,"date":"2024-05-14T06:14:28","date_gmt":"2024-05-14T06:14:28","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/court-update-new-filing-reveals-what-ripple-wants-to-hide-from-public\/"},"modified":"2024-05-14T06:16:52","modified_gmt":"2024-05-14T06:16:52","slug":"ripples-desire-for-confidentiality-emerges-in-latest-court-filing","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/ripples-desire-for-confidentiality-emerges-in-latest-court-filing\/","title":{"rendered":"Ripple&#8217;s Desire for Confidentiality Emerges in Latest Court Filing"},"content":{"rendered":"\n<p>A recent court filing by Ripple Labs seeks to seal certain documents related to the SEC&#8217;s Motion for Judgment and Remedies, citing sensitive financial information involving audited financial statements and confidential business data.<\/p>\n<h2>A Closer Look at Ripple&#8217;s Sealing Request<\/h2>\n<p>Ripple&#8217;s legal representative, Andrew J. Ceresney, has elucidated the reasons behind the request to Judge Analisa Torres, highlighting the potential harm to Ripple&#8217;s competitive edge should the information be publicly disclosed.<\/p>\n<p>The request aims to safeguard discounts offered to institutional buyers of XRP, outlining three primary justifications for sealing the documents.<\/p>\n<p><strong>Guarding Sensitive Financial Details:<\/strong> Ripple stresses the importance of protecting its confidential financial information to maintain its strategic advantage in the market.<\/p>\n<p><strong>Preserving Negotiating Power:<\/strong> The request also intends to shield the financial terms negotiated with third-party partners to avoid compromising future deals.<\/p>\n<p><strong>Ensuring Privacy of Non-Parties:<\/strong> Ripple seeks to redact the identities of non-party entities to protect their privacy rights, deeming such information irrelevant to the case.<\/p>\n<p>Ripple&#8217;s legal team notes the lack of opposition from the SEC on several sealing requests, potentially bolstering their motion. The motion cites past instances where courts granted similar requests, indicating a precedent in favor of confidentiality protection.<\/p>\n<p>Legal expert Bill Morgan supports Ripple&#8217;s right to safeguard sensitive information, particularly in response to the SEC&#8217;s arguments. The current XRP trading value stands at $0.507.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent court filing by Ripple Labs seeks to seal certain documents related to the SEC&#8217;s Motion for Judgment and Remedies, citing sensitive financial information involving audited financial statements and confidential business data. A Closer Look at Ripple&#8217;s Sealing Request Ripple&#8217;s legal representative, Andrew J. Ceresney, has elucidated the reasons behind the request to Judge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11620,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Ripple's Desire for Confidentiality Emerges in Latest Court Filing - Bitrabo","description":"A recent court filing by Ripple Labs seeks to seal certain documents related to the SEC's Motion for Judgment and Remedies, citing sensitive financial informati"},"footnotes":""},"categories":[316],"tags":[1046,842,4096,2138,749,575,2175],"class_list":["post-11619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-court","tag-filing","tag-hide","tag-public","tag-reveals","tag-ripple","tag-update"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/11619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=11619"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/11619\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/11620"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=11619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=11619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=11619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}