The ongoing legal dispute between Ripple and the Securities and Exchange Commission (SEC) inches closer to resolution with the latest filing from the Commission. Both parties have submitted all necessary briefs, anticipating a forthcoming judgment from the court.

The SEC's recent filing opposes Ripple's motion to seal specific documents related to the remedies stage. While the SEC acknowledges some of Ripple's requests, it contests certain redactions, arguing that court filings should generally be public. The SEC asserts that the materials Ripple seeks to redact are essential to understanding the rationale behind the SEC's requested remedies. Additionally, the SEC contends that Ripple cannot both invite public scrutiny of the SEC's positions while seeking to conceal the evidence supporting those positions.

Despite Ripple's argument that failure to redact these documents could harm its business, the SEC maintains that Ripple has not demonstrated "exceptional circumstances" justifying sealing or redacting. While Ripple cites past instances where the court agreed to sealing and redactions, the SEC differentiates those cases from the present situation. It asserts that the documents Ripple seeks to seal are crucial to the remedies decision and were previously ruled as information Ripple should have disclosed. Moreover, the SEC deems these documents as already outdated and therefore not warranting concealment.

Judge Analisa Torres is expected to deliver a final judgment soon, pending her ruling on Ripple's sealing motion. Following this decision, Ripple will have fourteen days to file either a public or redacted version of the disputed documents, after which the court can proceed to issue its final judgment. The SEC has proposed a nearly $2 billion fine against Ripple, which Ripple opposes, advocating for a significantly lower penalty of $10 million.