Ripple: U.S. Lawyer Explains What Judge Netburn’s Latest Ruling Means for $XRP

[Btceth01]

On Sunday (May 30), Jeremy Hogan, a partner at the law firm Hogan & Hogan, talked about Magistrate Judge Sarah Netburn’s latest ruling in the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs.
on 22 December 2020, the SEC announced that it had “filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.”
Well, yesterday, the Honorable Sarah Netburn, who is a Magistrate Judge of the U.S. District Court for the Southern District of New York, issued an order that denied the SEC’s motion to compel Ripple Labs (“Ripple”) to “produce all communications constituting, transmitting, or discussing any legal advice Ripple sought or received as to whether its offers and sales of XRP were or would be subject to federal securities laws. Source