Defendants in the XRP lawsuit, Ripple labs, Brad Garlinghouse and Chris Larsen on Wednesday filed a letter opposing the request of the US SEC’s supporter. This development comes as the much awaited Summary Judgment closes in.
Ripple wants details to be out publically
The latest court filings reveal that the defendants are opposing the letter motion by the “Investment Banker Declarant”. The declarant is seeking to redact his declaration in order to hide his details from public view in the XRP lawsuit. These details include his name, positions and info about his employer.
Ripple mentioned that the Declarant himself filed a declaration supporting the SEC’s motions for Summary Judgement. Defendants claim that this move leaves the Declarant no basis to request the court to conceal his name, position and other details.
Defendant asked the court to order the SEC’s backer declaration to be publically filled. However, it is unquestionable that the declaration lands under judicial document. While it is entitled to be a strong presumption of access.
The post Ripple Opposes SEC’s Backer Redactions; Will Watchdog Reply? appeared first on CoinGape.