Ripple Labs Inc. has filed a new response to Judge Analisa Torres, reiterating its stance on why the court must seal its confidential documents in the ongoing lawsuit with the SEC.

In its latest motion, Ripple emphasized that the court must protect its confidential financial information from public disclosure. The company argued that the SEC's claims about Ripple's financial condition are irrelevant to the court's analysis and that the Commission should not be able to force out Ripple's sensitive financial records without substantial justification.

Ripple also highlighted that the court could dismiss the sensitive financial information without considering the supposed important facts allegedly contained in it. The company established a valid, commonly accepted basis for sealing its confidential financial information, citing that it has never disputed its ability to pay any potential penalty.

Furthermore, Ripple argued that the SEC incorrectly asserts that its historical contracts have no continuing relevance because the company has changed how it sells XRP. The company explained that the terms of its contracts are confidential and that future counterparts could gain substantially from learning all of the individually negotiated terms of Ripple's past contracts.

Ripple also recalled that the court already ruled that XRP is not a security and that the amount Ripple sold XRP was not the same as the price at which the company sold the investment contracts that the court described in its summary judgment order.

With its arguments laid out, Ripple urged the court to grant its narrowly tailored request to seal the confidential information submitted.