Ripple Scores another Legal Win as Judge Sarah Netburn Denies SEC Access to the Firm’s Legal Advice
AI Trading

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).

Read Also: Jeremy Hogan Found Docs Where SEC Says “digital CURRENCY company called Ripple Labs”, Says SEC Must Explain In Court

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.

AI Trading

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!”

Read Also: Judge Says Tetragon Is Wrong, XRP Has Not Been Officially Declared a Security

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.

Read Also: Cost-Efficiency, Speed, and Scalability Make XRP a Crypto That Deserves SEC’s Fairness

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!”

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.