The US Securities and Exchange Commission (SEC) has raised objections to Ripple's attempt to redact evidence in their remedies briefing, as revealed in a court filing on May 20. While acknowledging Ripple's right to seal certain exhibits, the SEC argues that concealing financial and securities sales information is unlawful, asserting that these details are crucial for the requested remedies sought by the regulatory body.

The SEC contends that Ripple, having been found guilty of selling investment contracts without proper registration or disclosure, persists in trying to conceal information that should have been disclosed legally to sell those securities. Led by Gary Gensler, the SEC insists that Ripple should have publicly disclosed the financial information and pricing it now seeks to hide, citing legal obligations for the disclosure of various categories of information in a registration statement.

Moreover, the SEC emphasizes that Ripple cannot claim harm from disclosing information it is legally obligated to reveal, highlighting that choosing to raise money publicly entails forfeiting some privacy interests in compliance with securities laws. This stance from the SEC marks the latest development in the ongoing legal battle against Ripple, which is nearing its conclusion, with the financial regulator seeking a $2 billion fine against the crypto company. Ripple, on the other hand, disputes this request, deeming it unfounded and advocating for a penalty not exceeding $10 million. In its first-quarter report for this year, Ripple expressed confidence in the judge's fair approach during the remedies phase, signaling a continued commitment to defending its position in the legal proceedings.