Ripple will not receive data on transactions from XRP employees of the SEC

The Southern District of New York court rejected Ripple's request for information regardingcryptocurrency transactions using XRP that could have been committed by SEC employees.

At the end of 2020, the Securities and Exchange CommissionUS Exchange (SEC) filed a lawsuit against Ripple, accusing the company of selling unregistered securities. Ripple's litigation with the regulator is still ongoing. In late August, the company demanded that the agency provide access to its employees' trade history.

This would make it possible to find out if they didtransactions with BTC, ETH or XRP. Thus, Ripple intended to reveal the lack of a clear position of the regulator regarding XRP and find out whether the SEC really considers this cryptocurrency as a security.

SEC employees are required to obtain approvaldepartments before starting to trade any securities. Therefore, the court previously ordered the SEC to present its cryptocurrency policy. Ripple's lawyers said Commission staff were banned from trading XRP after the SEC began investigating the company's activities in March 2019.

However, the judge of the Southern District CourtNew York City Sarah Netburn declined Ripple's request for this documentation. Netburn clarified that the individual trading of SEC employees is not materially relevant to the case.

Another key argument for rejectionThe petition was based on the right to privacy of SEC employees as US citizens. At the same time, the judge emphasized that the regulatory body is obliged to provide documents confirming that the department's employees were prohibited from trading XRP since 2019.

Recently Ripple CEO BradGarlinghouse (Brad Garlinghouse) said that the SEC is "at war" against the entire cryptocurrency industry. The announcement came after the regulator threatened to sue cryptocurrency exchange Coinbase if it launches a highly profitable USDC stablecoin product.

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