MoneyGram is asking the U.S. District Court for the Southern District of New York to keep certain details of the summary judgment materials in the litigation between Ripple and the SEC secret.
The money transfer firm wishes to protect confidential business information and the identities of its employees.
The SEC and Ripple filed for summary judgment back in September, and the following month, the SEC sued Ripple and certain of its executives, claiming that the sale of XRP constituted an offering of unregistered securities worth over $1.38 billion.
In February, MoneyGram halted trading on Ripple’s platform due to the litigation, severing a relationship that had seen around $2 billion in on-demand liquidity transactions.
A judge recently provided an extension for all parties to submit their Daubert Motions, which would exclude certain expert testimonies, and other connected paperwork, until January 13.
