Ripple vs. SEC Lawsuit: SEC’s Newest Filing Set for Public Release, Date Revealed

James K. Filan’s recent announcement has sparked eagerness as he declared the date of unveiling to the public a crucial document in the Ripple vs. SEC lawsuit. 

SEC & Ripple Proposal for Document Transparency

The Ripple vs the SEC legal battle needs to come to an end this year, the community members expect so as they are tired of this extremely long lawsuit continuing over the years. 

The Ripple Labs vs the SEC lawsuit has entered into its crucial ending stage as both parties have submitted a joint proposal to the Southern District Court of New York which outlines a detailed and structured approach to sealing and redacting court documents related to the upcoming remedies phase of the case.

The remedies-related brief is currently sealed as it is highly sensitive. However, it is rest assured transparency will be maintained as the documents will be made public soon. 

James K. Filan updated on X, “The SEC has filed, under seal, its opening remedies-related brief and supporting documents. These documents are not public yet. Public, redacted versions will be filed no later than Tuesday, March 26, 2024.”

Upcoming Timeline for Ripple vs SEC Case 

Here’s a thorough timeline for the Ripple vs SEC case.. 

  • March 22, 2024: The SEC will file its opening remedies brief under seal.
  • March 25, 2024: The SEC and Ripple will meet to discuss and agree upon redactions.
  • March 26, 2024: The SEC will file a public, redacted version of its opening brief.
  • April 22, 2024: Ripple is expected to file its opposition brief.
  • April 23-24, 2024: Meeting to discuss redactions for Ripple’s materials.
  • May 6-8, 2024: The SEC will submit its reply brief.

Although the proposed timeline has given us transparency about the proceedings, it is yet unclear when the case is going to be closed successfully. Scepticism remains as to what if the SEC delays the case further with an extension notice. 

But even if the SEC delays, you can trust on our coverage on the latest breaking news! 

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