As its lawsuit against Ripple drags on, the US Securities and Exchange Commission has decided not to object to Ripple Lab's request to seal the identities of certain non-parties and Ripple employees in the Daubert motions.

In a letter to Judge Analisa Torres on Friday, the SEC stated that it does not object to Ripple's motion filed on Aug. 19 seeking to seal the personas of non-parties, certain Ripple employees, and an employee's personal financial information.

However, they clarified that in doing so, "the SEC does not concede that the above classifications of information should appropriately be sealed for summary judgment briefing, and reserves its privileges to reject similar summary judgment sealing requests."

A Daubert motion is a type of lawsuit that seeks to exclude expert witness testimony. On Thursday, the judge authorized the request to file a 90-page reply to its move to exclude the testimony of Ripple Labs' witnesses.

The SEC filed a lawsuit against Ripple in December 2020, alleging that its sale of XRP — the native coin of Ripple Labs' XRP Ledger — was an unauthorized security offering worth over US$1.38 billion. They also labeled Ripple's CEO Brad Garlinghouse and executive chairman Chris Larsen as co-defendants for allegedly aiding and abetting Ripple's violations.

This month, they filed a reply brief in support of its opposition to orders requiring the SEC to disclose drafts of a 2018 speech given by former director William Hinman, which has been a significant point of contention between the two as Ripple seeks to strengthen its fair notice defense.

Posted 
Aug 29, 2022
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