Ripple wins First Legal Victory over SEC

Justice of the Peace Sarah Netburn granted Ripple motion to force the production of documents related to bitcoin and ethereum during today’s telephone hearing, dealing a blow to the US Securities and Exchange Commission.

According to those present at the hearing, the SEC lawyer said that the 2018 statement that BTC and ETH were not securities was not the official position of the regulator.

Ripple filed a request for disclosure of documents related to the classification of bitcoin and ethereum on March 15, accusing the SEC of withholding evidence, however, the regulator said that the documents are not relevant to the case.