In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), the cryptocurrency company has filed a reply opposing the SEC's arguments in the remedies phase. Ripple is challenging the SEC's claims that revealing sealed information is crucial and that historical contracts are irrelevant to the case.

Ripple's opposition comes as the SEC seeks to prove that the company's sales of XRP, the native cryptocurrency of the Ripple network, violated federal securities laws. The SEC argues that Ripple's sales of XRP were securities offerings that should have been registered with the agency.

However, Ripple is pushing back against the SEC's claims, arguing that its historical contracts are relevant to the case and that revealing sealed information is not critical. The company is also refuting the SEC's claims that its On-Demand Liquidity (ODL) sales impact the price of XRP.

According to Ripple, its ODL customers do not receive discounts, and the sales related to ODL do not affect the price of XRP. This is a crucial point, as the SEC has argued that Ripple's sales of XRP were securities offerings that should have been registered with the agency.

The legal battle between Ripple and the SEC has had a significant impact on the price of XRP. Amid a crypto market selloff, the price of XRP fell by 1%, but it has since rebounded as the market has recovered. The upcoming expiry of XRP options has also hinted at a potential price rise to $0.54.

Ripple's opposition to the SEC's arguments in the remedies phase is a significant development in the case. As the legal battle continues, it remains to be seen how the court will rule on the SEC's claims and whether Ripple's arguments will be successful.

In conclusion, Ripple's reply opposing the SEC's arguments in the remedies phase highlights the company's determination to challenge the agency's claims. As the case continues, it is essential to monitor the developments and their impact on the cryptocurrency market. The outcome of the case will have significant implications for the future of cryptocurrency regulation and the industry as a whole.