Ripple Vs. SEC Reaches Climax With Final Filing: Details
Summary
The SEC and Ripple are in a legal battle, with the SEC opposing Ripple's request to seal financial documents in the remedies phase. The SEC emphasizes public access to judicial documents and challenges Ripple's justifications for sealing, citing the irrelevance and staleness of some information. The SEC proposes fines of around $2 billion, while Ripple suggests a maximum penalty of $10 million. Judge Torres will make the final ruling. XRP is currently trading at $0.53487.
