Ripple Wins New Legal Victory in XRP Litigation as Judge Denies SEC Access to Documents

Ripple has won another legal victory in its battle with the US Securities and Exchange Commission (SEC). Federal Judge Sarah Netburn rejects the SEC's request to compel Ripple to produce documents related to past lobbying efforts. Netburn previously denied the SEC access to Ripple's communications with lawyers. The judge quoted this denial in his most recent ruling: “The SEC's request to force the production of documents related to Ripple's lobbying efforts was REJECTED. As discussed in the previous Opinion and Court Order denying access to Ripple's privileged communications, Ripple's fair disclosure focuses on the activities of the SEC, not its own behavior… Similarly lobby – Ripple's efforts regarding the status of XRP are irrelevant; and any arguments of relevance do not outweigh the production burden.” In December, the SEC filed a formal complaint against the payments giant, alleging that Ripple's native asset, XRP, was an unregistered security at launch and remains a security to this day. Recently, the regulator tried to force Ripple to produce records of XRP transactions and efforts made after the filing of the complaint. However, Netburn denied this as well. “The SEC's request to force the production of post-complaint documents was categorically REJECTED. After the parties have exchanged expert reports, the SEC may extend the filing period if it becomes clear that Ripple's expert relied on documents that, in fairness, require the SEC to review the documents following the complaint. to receive crypto email alerts directly to your inbox Follow us on Twitter, Facebook and Telegram The Daily Hodl Mix Check the latest news Headlines Disclaimer: Opinions expressed in The Daily Hodl are not investment advice. Investors take no risk should take due care first. Investments in bitcoin, cryptocurrency or digital assets. Please advise

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