Ripple

Will This Ruling By The Judicature Take XRP Price For Anoth 22% Correction?

Author: Elena R

Elena R right arrow

Author

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

  • author twitter

Highlights
  • Court Denies Ripple’s request to seal the legal memos while granting the request to file the Sur-Reply.

  • Judge Torres orders the unseal of three documents, in Ripple’s legal brawl against the U.S SEC.

The crypto globe’s much-talked-about legal battle, that sees the defendants as Ripple and Plaintiffs as the U.S SEC. Has come across another turn, post a ruling from the courtroom.

Crypto folks are now more keen than ever before, as a clarification to Ripple could potentially uplift the entire business. Which has been in the ruins for a brief time, that feels like an eternity.

Successively, in a recent hearing, the court has denied the request coming from defendants to seal the legal memos.

Whilst granting the request to file the Sur-Reply, the judge has also ordered to unseal the three documents in the prevailing case.

Is This The Turn Before An End To Ripple’s Agony?

In a recent ruling according to substantial sources, Judge Torres has ordered granting and denying in part and motions by defendants. The judge will unseal an email to Larsen and legal memos to Ripple.

The finding debates are to be sealed “unjustified”, but the redactions granted to Garlinghouse are to be protected as “potentially sensitive information” in three documents.

The judge has also ordered the public release of documents filed by both sides under seal anticipating motions to seal that never existed. In addition, Judge Torres has granted Ripple’s request to file Sur-Reply to the SEC’s motion to strike the fair notice defense.

It was on the 7th of June 2021, when Ripple had filed the motion to submit a Sur-Reply. However, the Sur-Reply is due on February 9th, 2022.

The XRP army has taken the ruling made by Judge Torres sportingly, which favors public disclosure. While Ripple cannot seal certain documents that are legal, the same remains applicable to the SEC.

A fair ruling is what the masses have been longing for, post the recent ruling, the faith seems to be reinstating amongst the community. 

Summing up, the recent hearing has been taken sportingly by the community. And folks are now looking forward to justice prevailing for Ripple and thousands of XRP holders.

Meanwhile, as previously cited by CoinPedia, the global sales of XRP have been ramping up irrespective of the lawsuit. The current month remains crucial for Ripple and XRP, and would be detrimental of future prospects.

Show More

Was this writing helpful?

No Yes

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Related Articles

Back to top button