• Brad Garlinghouse, CEO of Ripple, believes a resolution with the US Securities and Exchange Commission would be completed in the first half of 2023.
• James K. Filan, a former federal prosecutor, has revealed that the SEC has filed an opposition to Third Party A’s Motion to Redact all references to Third Party A as an entity and the proposed redactions by Third Party A (and Ripple) to the names of certain public crypto trading platforms.
• The SEC stated that it disagrees with Third Party A’s proposed redactions to the deposition transcript of its employee.
As the crypto and blockchain industry awaits a resolution in the US Securities and Exchange Commission (SEC) vs Ripple case, CEO Brad Garlinghouse has expressed optimism that a resolution would be reached in the first half of 2023. This news is encouraging to the industry, as a resolution would have a significant impact on the future of the sector.
To keep the world updated, former federal prosecutor James K. Filan has been providing updates on the progress of the case. In a recent tweet, Filan revealed that 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 identity of Third Party A has already been made public, but the company had asked for 38 of its summary judgment filings to be redacted. The SEC disagreed with these redactions and moved to oppose the motion. Additionally, the SEC also stated that it disagrees with Third Party A’s proposed redactions to the deposition transcript of its employee.
All of this information is significant to the case, and will likely have a bearing on the outcome. As the industry awaits further updates, Ripple and its supporters will be closely monitoring the proceedings to see if the company will be able to reach a resolution with the SEC.
The SEC vs Ripple case has been closely followed by the industry, and the result could have a lasting impact on the cryptocurrency and blockchain sector. It is, therefore, understandable why Ripple and its supporters would be closely following the developments and hoping for an amicable resolution.