April 17, 2021

The court allowed Ripple to gain access to the internal documents of the SEC

The court allowed Ripple to gain access to the internal documents of the SEC

Ripple's attorney will be able to study the Commission's official documents revealing the "views and decisions" of the regulator regarding cryptocurrencies.

Justice of the Peace Sarah Netburn Allowed Ripplestudy the minutes of SEC meetings and documents related to the interpretation of cryptocurrencies. The Ripple Defender will not have access to personal correspondence and emails. The SEC still has time to challenge the ruling.

On April 6, lawyer Jeremy Hogan released a 2016 document in which the SEC calls Ripple “a company that specializes in digital currencies”.

According to him, the Commission will now have to explain how “digital currencies” turned into “digital securities”.

Nevertheless, the SEC side is not going to give up. Commission spokesman Dagan Bliss criticized the defendants and said they were simply trying to change the subject. He declared:

We need to focus on Ripple's illegal activities.

Despite the ongoing SEC litigation, XRP is up more than 100% this month, setting a high of around $ 1.10.

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According to the materials cointelegraph.com