Ripple vs SEC Lawsuit Update: Judge Approves Sealing Key Documents Amid Appeals Stage

The post Ripple vs SEC Lawsuit Update: Judge Approves Sealing Key Documents Amid Appeals Stage appeared first on Coinpedia Fintech News In the ongoing Ripple vs SEC lawsuit, Senior District Judge Phyllis J. Hamilton has granted Ripple CEO brad garlinghouse brad garlinghouse Brad Garlinghouse is the CEO of the financial technology company Ripple Labs, he is an extremely popular name across the global crypto landscape. He has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. He joined Ripple as COO in April 2015, answering to the CEO and prime supporter, Chris Larsen. He was elevated to CEO in December 2016. Initially, he worked at AOL and Yahoo! From 2003 to 2008, he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo! Courier divisions. While at Yahoo!, he wrote an inner update known as the "Peanut Butter Manifesto," requiring the organization to zero in on its core business instead of extending itself excessively far, much like peanut butter.Details:Organization: RippleLocation: United StatesEducation: MBA from Harvard Business School and BA from The University of KansasSkills: Venture capital and StartupsExperience:CEO at Ripplefrom from Jan 2017 - Present ·President and COO at Ripple logo from Apr 2015 - Dec 2016 Board Member at Animoto from 2012 - Dec 2017Tonic Health, an R1 company logoBoard Member at Tonic Health from 2011-2016Board Member at Ancestry from 2013 - 2016CEO at Hightail from May 2012 - Sep 2014 Entrepreneur Investor Chief Executive Officer Board Member s request to seal specific court documents. The decision also applies to the plaintiff’s motion to seal certain exhibits, marking a critical moment as the case progresses to the appeals stage. Following the new XRP price jumped by 1.70% and currently trading at $2.31. In the meanwhile, XRP is unable to cross its critical resistance level of $2.51 despite Trump’s pro-crypto administration announcements. With big news of Trump meeting the Ripple CEO is also buzzing in the market as many expect Trump’s administration will dissolve the Ripple case this year itself. #XRP Lawsuit Update: Judge approves #Ripple and Brad Garlinghouse's request to seal documents amid ongoing court appeals. — Breaking Whale (@BreakingWhale) January 10, 2025 What’s Happening in Court? The court agreed that the sealing requests align with the Ninth Circuit’s “compelling reasons” standard, which balances the need to protect confidential and sensitive information against the public’s right to access. Ripple’s motion covered eight exhibits related to their summary judgment and 56 exhibits opposing the plaintiff’s motion. The plaintiff also sought to seal portions of exhibits containing sensitive information, including personal and confidential details. The court also approved the SEC’s request to seal parts of its exhibits, including evidence tied to expert testimony. The judge agreed that both sides had valid reasons to keep these materials private, ensuring fairness as the case moves forward. What’s Next for the SEC? The XRP community is now focused on the SEC’s next move. The regulator is preparing to file its main appeal brief, which could shape the future of this high-stakes case. Some legal experts, like Jeremy Hogan and former SEC lawyer Marc Fagel, believe the appeal might not go far. They point out that pro-crypto voices, like Paul Atkins , could influence the SEC to reconsider its stance. Why It Matters This legal battle has become a pivotal moment for the crypto industry. Ripple’s earlier victory in the summary judgment was a major blow to the SEC’s claims that XRP is a security . Now, as the case moves to appeals, the outcome could set a precedent for how cryptocurrencies are treated in the U.S. For now, Ripple’s ability to shield sensitive information is a small but important win, keeping its focus on the bigger fight ahead. The crypto world will be watching closely as the SEC files its appeal and the case unfolds. XRP Price Impact On the technical front, XRP is currently in a consolidation phase, a common “cooling-off” period after big price moves. While this sideways action might seem dull, it often sets the stage for significant future movements. Investors should remain patient and watch key levels, as a breakout above $2.51 could spark a rally. 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updateSubscriptionButton(); } } }); FAQs Is the Ripple vs SEC case over? No, the case is not over. It’s now at the appeals stage, with both sides filing motions and awaiting further legal developments. Is the XRP lawsuit settled? No, the XRP lawsuit is not settled yet. The case is ongoing, with Ripple and the SEC still in legal proceedings, now entering the appeals stage.