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Ripple finally Submits Two of the Obscured Docs as the Consensus between SEC and Ripple is finally Reached

Rayne Harris

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Ripple

Following the meeting between SEC and Ripple, the firm has officially submitted a few of the documents, demanded by SEC.

On the 1st of April, the two parties met to settle the long-hanging issue of document submission. The meeting proved to be rather fruitful as at the end of the meeting the consensus was reached on the two documents out of the four that were being discussed.

Out of the four documents that were under discussion two have been finally submitted by the Ripple in the court of magistrate judge Sara Netburn. Further, it is to be noted that the documents are related to “discovery materials filed with the court in connection with the discovery-related disputes”

Although both parties had agreed that Ripple had to submit two documents that will be redacted due to commercial purposes, part of Ripple’s law team James K. Filan has already published both the documents on Twitter as well, the consensus about the two other two documents are still to be reached upon.

While the SEC is insisting on the submission of those two documents with the court too, Ripple still remains adamant about not submitting them.

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James K. Filan a defense lawyer, former federal prosecutor, and the part of Ripple’s law team commented:

“After a meet and confer on April 1, the parties reached agreement on two of the four documents at issue, but have not been able to reach agreement with respect to the remaining two documents.”

Moreover, following the interview Brad Garlinghouse recently gave to CNN’s Julia Chatterley the XRP is surging high. It is currently trading at the highest price level since late Feb.

The Ripple has grown by approximately 50% during the last thirty days as at the time of press it trades at $0.6343. The prospects of XRP growing significantly in the near future are high as the rumors about many crypto exchanges listing XRP back on their platforms are circulating in the market.

READ  Ripple's Co-Founder Suggests that "Crypto Industry should Reconsider Proof-of-Work."

It seems quite obvious that as soon as exchanges restart trading in XRP it could certainly be in bullish very soon.


Rayne Harris is an analyst and editor recently joined RippleCoinNews with over 5 years of crypto market experience. He has worked in several famous media outlets, specializing in technical analysis of running crypto trends and curates opinion stories based on analysis.

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