Ripple v. SEC lawsuit takes a new turn as ‘unidentified’ third-party enters
The SEC and Ripple case has reached a frustrating impasse as both sides struggle to hold their ground. Only recently, Ripple Legal filed a motion to thwart the SEC in which they targeted the SEC’s unlawful methods. The SEC has unlawfully used the Howey Test as the token represented a “security per se”. This theory has been issued from the onset by the SEC. Ergo, the SEC has itself is to blame because of its ‘unprecedented allegations.’
Famed attorney James K. Filan reported a new development on the case in his latest tweet. An unidentified entity has entered the frame and has filed a Motion to Seal excerpts from the Daubert Motions. This is an attempt by the party to seal confidential business information to protect the organization and its employees.
<p lang=«en» dir=«ltr» xml:lang=«en»>#XRPCommunity #SECGov v. #Ripple #XRP MoneyGram filed an unopposed Motion to Seal a few lines from a deposition transcript of an officer of MoneyGram containing nonpublic information related to MoneyGram's business strategies and operations. pic.twitter.com/mZsRqCcM6Z— James K. Filan
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