Ripple won another significant victory over the US Securities and Exchange Commission
Judge Sarah Netburn rejected the SEC's offer to obtain any legal advice documents that Ripple had requested or received regarding the legal status of the XRP release.
The Securities and Exchange Commission sought to find out whether they had received any advice on the legal status of XRP as a securities review by reviewing Ripple Legal Advice documents. On the other hand, Ripple claims that these documents are protected under the legal right of the client-lawyer and was able to prevent the access of the Stock Exchange and Securities Commission to these documents.
The Exchange Commission believes that clarifying whether Ripple was aware of the legal status of the XRP release could help the process of pursuing this case.
