Ripple, SEC Legal Battle Continues: SEC Opposes Redactions

• Brad Garlinghouse, CEO of Ripple, believes a resolution with the SEC will be done by mid 2023.
• James K. Filan, a former federal prosecutor, keeps everyone updated on the case.
• The SEC has filed an opposition to Third Party A’s Motion to Redact all references to Third Party A as an entity, as well as Third Party A’s (and Ripple’s) proposed redactions to the names of certain public crypto trading platforms.

The crypto and blockchain community is eagerly awaiting the resolution of the ongoing legal battle between Ripple, the popular blockchain-based payment system, and the United States Securities and Exchange Commission (SEC). Brad Garlinghouse, the Chief Executive Officer of Ripple, has expressed optimism recently that a resolution will be reached in the first half of 2023.

James K. Filan, a former federal prosecutor, has been keeping the community up to date on the latest developments in the case. Recently, he revealed that the SEC had filed an opposition to a motion made by Third Party A to redact all references to itself as an entity. Third Party A had also proposed redactions to the names of certain public crypto trading platforms.

The identity of Third Party A has already been made public, but the company is still seeking redactions to 38 of the parties summary judgment filings. The SEC has argued that these redactions should not be allowed and is opposing the motion. This news has come as a surprise to many in the crypto-verse, and it remains to be seen how Ripple will respond to the opposition.

The legal case between Ripple and the SEC has been ongoing for more than a year now, and it is unlikely that a resolution will be reached anytime soon. However, Garlinghouse has expressed confidence that a resolution will be reached by mid 2023. In the meantime, the crypto-verse is keeping an eye on all the updates, especially those provided by James K. Filan.

It is clear that the SEC is unwilling to accept the proposed redactions and it will be interesting to see how Ripple responds to the opposition. Whatever the outcome, it is sure to have a major impact on the crypto and blockchain industry.

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