Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => XRP - Ripple Forum => Other Popular Cryptos / Coins => Ripple News & Updates => Topic started by: Jaya60 on May 31, 2021, 09:49:49 AM
-
The US Securities and Exchange Commission (SEC) thought that learning about Ripple’s concerns about XRP could support its legal case.Ripple has stopped the US Securities and Exchange Commission (SEC) from accessing records of legal advice that the crypto payments company sought or received about XRP's status as a security.
On May 7, the SEC asked Judge Netburn to order Ripple to produce records of legal advice around whether its massive sales of XRP are compliant with federal securities laws.Ripple asserts that the SEC’s requested communications are protected by the attorney-client privilege, which has not been waived,” US Magistrate Judge Sarah Netburn said in a filing made public today.
The SEC claimed that Ripple’s understanding of the legal status of XRP would support its ongoing legal battle. The agency issuing Ripple for selling $1.3 billion worth of XRP in ongoing unregistered securities offerings. Ripple has denied these complaints ever since the SEC lodged them in December. Source (https://decrypt.co/72321/ripple-stops-sec-from-accessing-its-legal-concerns-about-xrp)