XRP Lawsuit: Judge Approves Ripple and Brad Garlinghouse’s Request

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Update on XRP Lawsuit: Recently, in the case known as In re Ripple Labs Inc Litigation, a federal judge has given approval for a request to keep certain documents private. This decision comes amidst Ripple’s summary judgment motion. The judge has agreed that confidential, sensitive, and personal information should be concealed as the case moves forward in an American appeals court.

Judge Issues Order in Line With Ripple in XRP Lawsuit

As a crypto investor, I’ve been closely following the XRP lawsuit, and recently, Senior District Judge Phyllis J. Hamilton made a decision that affects us all. She granted a motion to keep certain confidential documents related to the Ripple case hidden from public view. While this might seem like a setback for transparency, it’s important to remember that these documents contain sensitive information that could potentially harm the parties involved if disclosed prematurely.

In response to Ripple and Brad Garlinghouse’s appeals, the court found sufficient justification, satisfying the Ninth Circuit’s “strong justification” requirement. This legal standard is used to assess whether the reasons for keeping documents confidential are more important than the public’s need for transparency in disclosure.

In their request, Ripple and CEO Brad Garlinghouse asked the court to seal eight pieces of evidence presented as part of their motion for a summary judgment in the XRP lawsuit. On the other hand, the defendants requested that fifty-six exhibits be unsealed in response to the plaintiff’s opposition to the defendants’ own motion for summary judgment. As previously reported by CoinGape, the court has granted Ripple’s request in the summary judgment.

The court has ended the previously submitted requests to seal (documents Dkt. 338, 340, 342, 343, 347, 349, 356, 365, 366, 367, 368, 369, 370, 371, 373, 379, 380, 381, 382, 387, and 389) as they are no longer relevant.

In a similar fashion, the plaintiff asked the district court to conceal certain parts of exhibits 29, 30, and 33 that were used in defendants Ripple and Brad Garlinghouse’s request for summary judgment. Also, exhibit 6 was requested to be hidden due to its inclusion of confidential, private, and identifying information in the XRP legal case, when supporting the defendants’ motion to disallow Steven P. Feinstein’s testimony.

In this case, the court has agreed with the plaintiff’s request to keep certain information secret (motion to seal). The court determined that the specific parts the plaintiff wants to hide from public view (narrowed redactions) are justified under the “compelling reasons” standard set by the Ninth Circuit Court of Appeal.

US SEC Prepares to File Principal Brief in Ripple Case

In the meantime, the XRP community is on edge for the main brief from the U.S. Securities and Exchange Commission (SEC) concerning their appeals in SEC v. Ripple. Some legal experts like Jeremy Hogan and Marc Fagel, a former SEC member, speculate that Paul Atkins, a pro-crypto figure under the Trump administration, may decide to discontinue pursuing the appeal any further.

Based on the initial filing provided by the U.S. Securities and Exchange Commission (SEC), as indicated in Form C, along with the views of departing SEC Chair Gary Gensler on cryptocurrencies, CoinGape offers a look at what potential developments may unfold.

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2025-01-10 12:30