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Ripple Wants to Keep These Documents Out of the Public Eye

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Fri, 03/26/2021 - 06:16
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Alex Dovbnya
Ripple has asked the judge to keep some of its confidential documents under seal
Ripple Wants to Keep These Documents Out of the Public Eye
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Ripple has asked Magistrate Judge Sarah Netburn to keep some of its documents attached to the U.S. Securities and Exchange Commission's letters under seal. 

Andrew Ceresney, the former director of the SEC's Division of Enforcement who now represents the blockchain company, writes that they contain "confidential and private information": 

The documents sought to be sealed reflect a private company's proprietary, internal development and marketing strategies, analyses, impressions, and concerns on a range of sensitive topics that have never been made public to date.   

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Ripple Executives Want to Prevent SEC from Uncovering Their Financial Information

The documents sought to be sealed reveal some confidential details about the process of creating and distributing XRP, internal emails between Ripple employees, a description of the company's then-contemplated business strategy and fundraising plans as well as a discussion with an early-stage investor.     

BitballBitball

If the court rules that these documents should be made public, Ripple still wants to redact them.

As reported by U.Today, the blockchain company produced 303,000 pages of documents during the SEC investigation.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.