The ongoing legal battle between the Securities Exchanges Commission (SEC) and blockchain company Ripple (XRP) has taken another twist after the presiding judge denied the regulatory agency’s motion to seal.
Court documents shared by Ripple defence attorney James Filan on June 9 indicate that SEC was also ordered to file a redacted version of the brief and exhibits as stipulated by the law.
The redacted version of the brief filing is set for a deadline of June 14 and will focus “only to the extent necessary to safeguard information sought to be filed under seal.”
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As previously reported by Finbold, new emails emerged proving SEC’s conflict of interest. The emails were accessed by a nonprofit organisation, Empower Oversight, which made public SEC documents detailing improper conduct by some officials concerning the Ripple lawsuit.
According to the emails, former SEC official Hinman was warned about a potential conflict of interest with his previous employer, Simpson Thacher.
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