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The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have both agreed to file a joint letter has proposing sensitive portions of their forthcoming remedies brief to be sealed to protect commercial interests. This case involves charges by the SEC that Ripple’s sale of XRP tokens was an unregistered securities offering, worth more than $1.38 billion.
Although specific details regarding the context or content of the portions they intend to seal have not been disclosed, one can assume it contains commercially sensitive information that may