XRP Lawsuit Update: Ripple and SEC Agree on Legal Timeline Amidst Tensions

XRP Lawsuit: Ripple and SEC Reach Agreement on Timeline

In the ongoing XRP lawsuit between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC), both parties have agreed upon a revised schedule, aiming to govern the release of court documents. This agreement highlights their commitment to transparency while addressing the need for confidentiality regarding sensitive information.

Sealing Proposal Submitted

Ripple Labs Inc. and the SEC have jointly proposed a sealing arrangement to the United States District Court for the Southern District of New York. This proposal outlines a structured approach to manage sealing issues during upcoming remedies-related briefing, ensuring public access to briefs while preserving confidentiality.

Detailed Timeline for Remedies

March 22, 2024: SEC to submit opening remedies-related brief under seal.

March 25, 2024: Meeting scheduled for Ripple and SEC to discuss redactions.

March 26, 2024: SEC to file public, redacted version of opening brief.

April 22, 2024: Ripple to file opposition brief, redacted if necessary.

April 23, 2024: Meeting to discuss redactions specific to Ripple's materials.

April 24, 2024: Public, redacted version of Ripple's opposition brief to be filed.

May 6, 2024: SEC to submit reply brief under seal.

May 7, 2024: Meeting to determine redactions to SEC's reply brief.

May 8, 2024: Public, redacted version of SEC's reply brief to be filed.

May 13, 2024: Parties to file omnibus letter-motions to seal related materials.

May 20, 2024: Filing of letter-briefs in opposition to sealing motions.

Insights Concealed from XRP Community

Despite the structured timeline, concerns remain within the XRP community. Bill Morgan highlights that despite the disclosures ordered by the SEC, sensitive information may still be redacted and sealed, limiting public access to crucial insights.