Main navigation

Ripple vs. SEC: Plaintiff’s Supporter Wants to Remain Anonymous

Wed, 01/25/2023 - 20:46
article image
Alex Dovbnya
An SEC supporter has offered compelling reasons for approving proposed redactions
Ripple vs. SEC: Plaintiff’s Supporter Wants to Remain Anonymous
Cover image via
Read U.TODAY on
Google News

A response to Ripple Lab.'s opposition to a motion submitted by an unnamed employee of an SEC-regulated entity, who is seeking redaction of personal information from their declaration, was filed earlier this Wednesday.

The response outlines why it is important that Investment Banker Declarant’s personal information be shielded from public view as it increases the likelihood of them or their colleagues facing threats from those who follow the high-profile case. 

The investment banker claims that witnesses would likely resist cooperation with investigations if the release of such information was to be expected in future cases.

Robinhood’s Twitter Account Hacked to Promote Scam Token on BNB Chain

Though Ripple Lab opposes this argument primarily claiming "voluntariness" as the basis for denying redaction rights, experienced defense counsels have failed to back up their claim with any judicial precedent so far. 

Hence, considering all factors involved, Investment Banker Declarant has asked Judge Analisa Torres to grant their motion for shielding their personal information from public view entirely. 

For ensuring crucial investigatory collaboration by people involved in such cases, who may seek anonymity due to their private details being at risk of exposure, granting this request might just be essential in setting a better legal precedent going forward.

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at