The lawsuit between Ripple, the US-based cross-border payment firm, and the United States Securities and Exchange and Commission (SEC), continues to advance with each passing day.
The case took another turn in favor of the payment behemoth, following the insistence of the Judge for the regulatory agency to produce its internal documents that contain its discussion about XRP, Bitcoin (BTC), and Ethereum (ETH).
In a letter dated 6th May 2021, signed by Judge Sarah Netburn, the important things that must be included in the documents were highlighted by the judge.
The new development was excitedly shared in a tweet by Attorney Jeremy Hogan and a defense lawyer and former federal prosecutor, James K. Filan.
Jeremy Hogan tweeted, “The SEC made two arguments as to why it didn’t have to disclose the internal memoranda re BTC, ETH and XRP. The Judge denied both of those arguments and is saying “No, you really DO need to disclose those documents.” PS. This Judge is very polite when rebuking a party!”
The SEC made two arguments as to why it didn't have to disclose the internal memoranda re BTC, ETH and XRP. The Judge denied both of those arguments and is saying "No, you really DO need to disclose those documents." PS. This Judge is very polite when rebuking a party! https://t.co/OWF3DL91YC
— Jeremy Hogan (@attorneyjeremy1) May 6, 2021
Court Now Fully Aware of the High Interest of the Public in the Ripple-SEC Lawsuit
About a week ago, Jeremy Hogan, the partner at the Hogan & Hogan law company, shared the fact that the court is now fully aware of the high interest of the public in the securities lawsuit between Ripple and the SEC.
In a tweet on 30th April, Hogan described what played out in the court in favor of Ripple as a mission accomplished. According to the lawyer, he’s quoting from Judge Netburn’s statement, which represents the fact that the case is playing out as planned for Ripple.
Jeremy Hogan tweeted, “Congratulations XRP People. By the start of the hearing today the telephone system MAXED OUT at 4k listeners! The Court is very aware of the “High Interest” in the case (quote from Judge Netburn). MISSION ACCOMPLISHED! I need to finish up some pleadings and then home to video!”