Ripple’s (XRP) lawsuit with the SEC continues
Ripple’s ( XRP ) lawsuit with the SEC continues. The company again achieved an important victory. Magistrate Sarah Netburn accepted Ripple ‘s request to learn about the SEC’s internal trade policies.
In its defense, the SEC argued that trade policies had nothing to do with the case. However, Ripple considers it important to see the distinction drawn by the regulator between XRP and other digital assets.
“The SEC’s approach to trading in digital assets, including all the distinctions it makes between XRP and other digital assets, also includes applications of the Howey test.”
The SEC also does not want to cede its internal communications regarding Bitcoin (BTC), Ethereum (ETH), and XRP, which has proven to be one of the most contentious discovery disputes in the litigation .