Ripple won its first victory against the SEC
Judge Sarah Netborn, endorsing Ripple's proposal to force the production of Bitcoin and Atrium documents, dealt a blow to the US Securities and Exchange Commission:
"I intend, mainly, to address the defendants' request."
Ripple Corporation, its CEO, Garlinghouse, and its founder, Chris Larsen, filed a joint enforcement request on March 15, accusing the SEC of failing to withhold evidence. The company's lawyers claim that XRP is similar to Bitcoin and Atrium.
However, the SEC claimed that these documents were not relevant to the case because the currencies listed were fundamentally different from XRP.
Ripple does not scrutinize SEC minutes or notes to find cases where it can strengthen its case.
