Ripple agreed to disclose documents regarding XRP status

Ripple and its co -founder Chris Larsen in the addressed judge of Torres with a letter said that “they did not object to the disclosure of legal notes in full”. These documents prove that the XRP token was not considered as a security, in a conversation with Fox Business stressed the main legal adviser of the company Stuart Alderoti.

Analysis – While XRP Traded in A Massive Global Market – Is Baffling. We look forward to the public Having Access to these Documents as We Continue to Vigorously Defend This Case.”

– Eleanor terrett (@eleanorterrett) February 17, 2022

“When these documents are published, they will show that in 2012 Ripple received a legal analysis according to which XRP is not an investment contract. The fact that the SEC took eight years to declare his disagreement with this analysis, while XRP was traded in the global market, causes bewilderment. We hope that the public will gain access to these documents, ”said Alderoti.

At the same time, the SEC sent the magistrate Sarah Nesburn a request with a request to explain and revise her decision regarding the privilege of the Advisory Process (Deliberative Process Process Privilege, DPP).

#Xrpcommunity #Secgov v. #Ripple #xrp the Sec Has Field A Motion for Reconsedion and Clarification of Magistrate Judge’s DPP RULING. It is below.

DPP is the principle of law that allows SEC to refuse to disclose documents or testify, referring to the confidentiality of data and sources.

In January 2022, Neverberen ordered the regulator to transmit Ripple an email with a draft of the ex-director of the corporate finance department of the regulator William Hinman, in which he stated that Ethereum is not a security.

In the new petition, SEC claims that Hinman expressed the position of the corporate finance department, and not his personal opinion. This means that the drafts https://gagarin.news/news/the-eu-continues-the-fight-against-money-laundering-and-the-financing-of-terrorism-through-cryptocurrencies/ are subject to DPP.

“These materials reflect the same type of internal strategic debate as discussions related to public statements by SEC officials, which the court has already considered protected DPP,” the Sec said.

Jeremy Hogan lawyer noted that after this request, the position of the commission in the case against Ripple was shaken.

I’M Reading It, But Quite Believe it.

Now the Speech Wasn’t Hinman’s Personal Opinion At All, But Intended to Convey the Dept. Of Corp Finance’s Position on Digital Assets?!

In the Legal World, this is as crazy as it gets. The Ripple Lawyers Must Be Chomping at the Bit!! Pic.Twitter.COM/F3DTD9SN8P

– Jeremy Hogan (@attorneyjeremy1) February 18, 2022

“I read, but I can’t believe. It turns out that the speech was not at all the personal opinion of Hinman, but was called upon to convey the position of the corporate finance department regarding digital assets. In the legal world it is just madness. Ripple lawyers must burn with impatience, ”he wrote.

The community suggested that the reason why SEC is so trying to hide the drafts of Hinman’s speech is its significant adjustments. In the initial version, it could be said that XRP is not considered as a securities.

Given the motion shows there were significant revisions of the speech I am starting to wonder whether the reason the @SECGov is so anxious not to disclose is because one of the earlier drafts mentioned #XRP not being a security by 2018 because it had become decentralised

– Bill (@Belisarius2020) February 18, 2022

Recall that in December 2021, the Law Firm Law Firm said that SEC showed great loyalty to Ethereum than to XRP tokens.

Previously, the Fox Business channel has published a large -scale investigation of the SEC case against Ripple. Journalists came to the conclusion that the employees of the department could be affiliated with Ethereum.

In August 2021, a possible conflict of interests in the actions of former senior officials SEC was indicated by the non -profit organization Empower Oversight.

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