News View Non-AMP

Ripple vs SEC : SEC Files Sealed Remedy Reply Brief in XRP Lawsuit

Published by
Nidhi Kolhapur

The SEC tossed a new twist into their ongoing lawsuit with Ripple by sliding their remedies reply brief and its exhibits under a tight seal. The contents aren’t public yet, but come Wednesday, May 8, we’re all getting a peek at the redacted versions the bigwigs agree on. But that’s not all! There’s a whole lineup of filings related to sealing this mess scheduled to drop soon.

On May 7, the courtroom turned into a strategy pit. Parties on both sides, along with some third players, huddled up to hash out which bits of the reply brief and exhibits everyone else gets to see. They’re picking what stays under wraps as Confidential or Highly Confidential. Tomorrow, they’re putting out what they’ve scrubbed clean for the public eye.

We’re not done yet. Come next Monday, May 13, all involved are throwing their letter-motions into the ring, trying to keep their cards close to their chest with omnibus motions to seal the briefing goodies like briefs and declarations. Then they’ll show their hands on proposed redactions. 

Fast forward to May 20, and they’re back at it, firing off letter-briefs to challenge those omnibus motions to seal. If the court sides with them, they’ve agreed to air out the scrubbed-clean docs within two weeks.

Ripple and SEC: The Tug-of-War Continues

While the suits play pass the parcel with documents, Ripple’s busy arguing against the SEC’s price tag of nearly $2 billion in disgorgement, interest, and penalties. They’re adamant they shouldn’t give more than $10 million. Meanwhile, the SEC’s ready to defend their stance, possibly leading to Ripple’s sales to ODL customers getting axed permanently.

Ashley Prosper thinks that this round of replies could pave the way for a settlement, especially with potential penalties for XRP’s institutional sales on the table. But don’t hold your breath—settlement talks might drag out until Judge Torres slams down her gavel with a final ruling, speculated to land in September.

Bill Morgan is especially keen to see how the SEC reacts to Ripple’s plea against a permanent injunction. “The stakes are higher than just fines here,” he said. If the judge clamps down on Ripple’s operations, it could change the game for how they do business.

Jeremy Hogan, a legal expert from the XRP community, recently said, “I think the SEC will win this motion.” He explained that based on past cases, the court will likely see Fox as an expert, so the SEC will probably win according to him.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Bitcoin Rich List: Who’s Stacking, Who’s Slacking?

In recent months, many major companies around the world have started buying large amounts of…

June 1, 2025

XRP Price Prediction for 2040: Will It Be Enough to Quit Your 9-to-5?

Many crypto investors dream about the day their favorite coin takes off — and for…

June 1, 2025

This Hot New Altcoin In DeFi Is Turning Heads

As the month of May draws to a close, investors are searching for the best…

June 1, 2025

Best Crypto Coins to Watch This Week and Buy

This week’s crypto spotlight shines brightly on a select group of coins capturing investor interest…

June 1, 2025

Missed Bitcoin at $1? Bitcoin Solaris at $5 Is the Closest You’ll Get to a Real Second Shot

Most investors who passed on Bitcoin early didn’t lack belief — they lacked access, context,…

June 1, 2025

MOONPIG Price Crashes 65% & Kaspa Holds as Punisher Coin See Whale Action: Is this the Next 1000x Pump?

Is meme coin season peaking, or just getting smarter? Right now, Kaspa (KAS) market sentiment…

June 1, 2025