While the XRP lawsuit was pending, Ripple justified its claim in the lawsuit as the SEC did not oppose the Daubert motions.
According to updates cited by James K. Filan, the SEC did not object in Daubert’s motions that Ripple protected the identities of non-parties and certain Ripple employees and personal financial information for a Ripple employee.
No SEC Objection to Ripple’s Request in Litigation
There have been new developments in the XRP case between the parties of Ripple and the SEC, which has not been on the agenda for a long time. The development has slightly strengthened Ripple’s hand in the case. The developments were announced by James K. Filan on Twitter.
https://twitter.com/FilanLaw/status/1563231795772289024
In his statement, James K. Filan stated that the SEC does not object to the request to protect the identities of third parties, including Ripple’s employees and business partners, which was also mentioned in the Daubert actions.
In a response to Judge Torres over Ripple’s privacy requests, the SEC said:
“Based on the defendants’ statements that they consider the confidentiality standards for the Daubert motions to be different from the summary judgment motions, the SEC does not contest the defendants’ motion.”
He also said in the SEC response:
“In doing so, the SEC does not recognize that the above categories of information must be properly confidential for summary decision briefing and reserves the right to challenge similar confidentiality requests for summary judgment.”
4056
