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Ripple Labs Wins Access To SEC Internal Crypto Discussions – Law360

Ripple Labs on Tuesday won discovery from the U.S. Securities and Exchange Commission concerning its internal discussions about whether Ripple’s XRP tokens are…

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Law360, New York (April 6, 2021, 4:23 PM EDT) — Ripple Labs on Tuesday won discovery from the U.S. Securities and Exchange Commission concerning its internal discussions about whether Ripple’s XRP tokens are similar to cryptocurrencies like bitcoin and ether, which have not been officially deemed securities.It was a “high-stakes” discovery win, U.S. Magistrate Judge Sarah Netburn said, as she ruled from the bench in the SEC’s suit claiming San Francisco-based Ripple and two top executives sold…

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