Ripple Requests Documents to be Sealed Ripple Labs, the company behind the cryptocurrency XRP, has requested for certain documents to be sealed in their ongoing legal battle against the US Securities and Exchange Commission (SEC). This move comes after the SEC filed a motion for judgment and remedies against Ripple, alleging that the company sold XRP as an unregistered security, resulting in billions of dollars in losses for investors. The SEC's Allegations Against Ripple The SEC's lawsuit against Ripple has been closely watched by the cryptocurrency industry, as it could have far-reaching implications for the regulation of digital assets. The SEC alleges that Ripple, along with its CEO and co-founder Brad Garlinghouse and Executive Chairman Chris Larsen, raised over $1.3 billion in XRP sales without registering the token as a security. Ripple's Defense and RippleNet Ripple has vehemently denied these allegations, stating that XRP is not a security and should n...
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