The Ripple vs. SEC case continues to intensify, with new allegations and counterarguments emerging. In its latest move, Ripple has filed a motion to seal documents, disputing the SEC's claims and protecting its business interests. The company's new reply addresses the SEC's motion to unseal documents, arguing that its financial condition is irrelevant to the court's determination of remedies.

_Disputing Relevance Claims_

Ripple disagrees with the SEC's assertion that its current financial status is crucial for determining appropriate remedies for its historical actions. The company maintains that it has never suggested it cannot pay potential penalties, rendering the SEC's argument baseless. Moreover, Ripple claims it only owes $10 million in civil penalties, a fraction of the $2 billion in fines and final judgment sought by the SEC.

_Protecting Confidential Financial Information_

Ripple argues that revealing its confidential financial information could harm its business interests. The firm believes that the terms of its historical contracts are highly confidential and that future business counterparts could exploit this information if made public. The details include Ripple's existing assets, recent sales, revenues and costs, and institutional investor discounts, which the company insists should remain sealed to protect its competitive position.

_Clarifying Misconceptions About XRP Sales_

Ripple also addresses the SEC's incorrect assertion regarding the relevance of its historical contracts. The company points out that the court has already ruled that XRP is not a security, distinguishing the sale of XRP from the sale of investment contracts. Ripple argues that the amount of XRP sold is not equivalent to the price at which the investment contracts were sold, as described in the court's summary judgment order.

_Urging the Court to Seal Documents_

With its arguments laid out, Ripple urges the court to grant its narrowly tailored request to seal the confidential information. The firm believes that maintaining the confidentiality of its sensitive financial data is crucial and justified.

_The Ongoing Legal Battle_

Ripple's new motion to seal documents reflects its ongoing effort to protect sensitive financial information while challenging the SEC's claims. As the case remains at the remedies stage, the outcome of this motion could significantly impact the disclosure and handling of confidential business data in future legal proceedings. The Ripple vs. SEC case continues to unfold, with no clear end in sight.