Ripple Demands Regulator Documents Despite SEC’s Confidentiality Claims
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- The SEC may refuse to provide papers or testify because of the confidentiality of data.
- Garlinghouse’s 2018 encounter with the former is mentioned in these documents.
Chris Larsen, Ripple co-founder, and CEO Brad Garlinghouse oppose the SEC’s motion for partial review and clarification of the DPP judgment, filed with Justice of the Peace Sarah Netburn. James Filan, a lawyer, made the announcement. The company claims that the regulator is trying to consider the issue as it is dissatisfied with the court ruling.
The letter read:
“The SEC makes no claim that the requirements of the reconsideration standard have been met in this case. Instead, the Commission is trying to re-examine the issue, which was considered in detail during the year, but this time based on new theses.”
SEC’s Terminology
The SEC may refuse to provide papers or testify because of the confidentiality of data and sources under the DPP. Elad Roisman’s former advisor Matthew Estabrook has already petitioned against releasing his documents. Garlinghouse’s 2018 encounter with the former is mentioned in these documents.
According to the SEC’s terminology, defendants will not be allowed to access any of the data submitted at this time. If the judge thinks they’re relevant, they’ll be made available to the public during a hearing.
Ripple requested Roisman’s documents in early February 2022. The official stated in December that he was resigning from the regulator. According to the corporation, these records do not come under the DPP and must, as a result, be handed to the court and made available for public inspection. Lawyer Jeremy Hogan believes that Ripple’s activities might significantly impact the SEC’s approach.
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