Background: The ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) has been making headlines in the crypto world. The SEC filed a lawsuit against Ripple Labs back in December 2020, alleging that the company sold unregistered securities in the form of XRP tokens. Ripple has denied these allegations and has been fighting back in court. What is Ripple Motion Application to Seal Materials? In a recent development, Ripple has submitted a motion application to seal materials related to the case. This means that they are requesting the court to keep certain documents and information confidential and not make them available to the public. Why did Ripple submit this motion? According to Ripple, the reason behind this motion is to protect their trade secrets and sensitive financial information from being exposed to their competitors. They argue that if this information is made public, it could harm their business and give their competitors an unf...
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