SEC And Ripple Labs Story End?
The infamous story between the SEC and Ripple Labs may be coming to an end after months of legal drama, as both parties have reportedly agreed to show their cards.
Parties to the suit recently sent a letter to Hon. Analisa Torres requesting that the court approve a joint proposal to govern the upcoming summary judgment motions to be filed within the next few weeks. Before filing summary judgment motions, the SEC, Brad Garlinghouse, and Chris Larsen all agreed to a joint proposal regarding the sealing issues.
If the judge grants the request, both parties shall have access to details of briefs along with other previously unseen documents. Both parties therefore agree that redactions would be kept to a minimum, and they will discuss a redaction schedule, if any, after approval.
As per the proposal, the parties reasoning for all this is to ensure that any potential sealing issue can be raised before the court in a single set of briefs rather than piecemeal, and to allow enough time for everyone from both sides to meet and confer.
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