Ripple [won] another significant victory over the US Securities and Exchange Commission

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.

The court is planning a new conference call between Ripple and the SEC

The court is planning a new conference call between Ripple and the SEC

A new conference call between Ripple and the US Securities and Exchange Commission is scheduled for May 21 by Judge Sarah Netborn.

The two sides will discuss the recent process presented by the Agency, which aims to force the production of legal advice documents that Ripple has received on the XRP monitoring status.

The Securities and Exchange Commission is creating trouble before Ripple launches an attack.

The judge has not yet decided whether the regulator can send memorandum requests to its overseas counterparts to obtain information from foreign exchange offices and the defendants' partners. A conference on the subject was held on 30 April.