Proces XRP: Iată de ce Ripple depune moțiuni, dar sigilează exponatele?

In the latest development in the ongoing Proces XRP, the defendants’ counsel has filed an opposition against SEC’s former Motion to Compel. The SEC’s motion would legally require Ripple to collect and search a vast quantity of additional Slack communications from 22 custodians. However, the defendant’s opposition motion was again followed by a motion to seal exhibits, like its earlier Motion to Challenge SEC’s misuse of DPP.

#XRPCommunity #SECGOV v. #Clipoci #XRP Ripple și-a depus opoziția la Moțiunea SEC de a obliga Ripple să caute și să producă comunicații relevante Slack.https://t.co/IPCQFMCKmW

- James K. Filan 🇺🇸🇮🇪 (@FilanLaw) August 16, 2021

The market is already rumored with speculations of a settlement since the defendants’ first motion to seal. But, according to Ripple’s plea to seal, the SEC’s stance to seal exhibits remains uncertain.

Ripple Opposition to SEC’s Motion to Compel

Ripple’s opposition to Slack Communications Motion to Compel by the SEC addresses the SEC’s unrealistic demands. The defendants highlighted the unreasonable money and time that would go into discovering additional Slack data demanded by the SEC. Furthermore, Ripple argued that the defendants have already produced relevant data, and any further discovery will be duplicative and repetitive.

“The SEC’s extraordinary demand calls for an extensive and costly fishing expedition that would likely take months to complete and come at very significant cost. The SEC’s disproportionate request is also unreasonably duplicative of Ripple’s extensive production of over one million pages of discovery, including emails, documents, text messages, and responsive Slack messages for 33 custodians.”, Ripple scrie in the Opposition letter to SEC’s Motion to Compel.

Ripple offers a bargain

Defendant’s counsel asserts that the SEC has understated the former Moale data provided by defendants. So, they have offered the discovery of additional, context-specific Slack data. However, SEC has turned down Ripple’s bargain and is continuing with its Motion to Compel. The crypto firm expects the court to deny SEC’s motion and move further with Ripple’s offer.

“The reasonable offer of compromise that Ripple made to produce additional Slack messages from nine custodians that—unlike the SEC’s proposal—focuses on more significant custodians with high Slack usage levels”, Ripple adăugat.

Ripple files another Motion to Seal

However, the twist in this lawsuit arises from Ripple’s repetitive Motions to seal exhibits. Followed by the defendants’ Opposition letter, the defendants filed another motion to seal exhibits. Ripple has back and again argued that the seal is to prevent the lawsuit from becoming a source of entertainment or amusement.

The defendants claimed that the named individuals in the documents should not be made liable to public presumption. Nevertheless, the așezare speculation only becomes stronger with Ripple’s constant defense of sealing exhibits.

“The exhibits attached to Ripple’s Opposition Letter are not judicial documents and are not entitled to the presumption of public access. There is no benefit to the public unsealing these documents at this stage of the proceedings and no prejudice to the SEC or to the public in these documents remaining sealed.”, wrote Ripple.

#XRPCommunity #SECGOV v. #Clipoci #XRP Ripple a depus o Moțiune pentru Sigilarea probelor atașate la Moțiunea SEC cu privire la comunicările Slack și la Sigilarea probelor atașate la opoziția Ripple la Moțiunea SEC. În prezent, părțile nu sunt de acord asupra a ceea ce ar trebui sigilat. pic.twitter.com/wvDQazOBQf

- James K. Filan 🇺🇸🇮🇪 (@FilanLaw) August 17, 2021

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