Ripple (XRPCritical developments continue to occur in the litigation between ) and the SEC. Ripple has requested the court to reveal the notes taken at the meeting between the company’s CEO, Brad Garlinghouse, and a former SEC commissioner. The SEC, however, opposed this request.
SEC Didn’t Want To Take The Documents Of The 2018 Meeting To Court
In its February 10 filing with Judge Sarah Netburn, Ripple requested the SEC to submit to the court details of the 2018 meeting between Brad Garlinghouse and former SEC commissioner Elad Roisman.
In its application, Ripple said that the document in question emerged a week after the court asked the SEC to hand over all the documents it held.
Despite this, the SEC claimed that the document in question was among the documents exempt from submission.
In response, the XRP company stated that the meeting in question was held between the SEC and a third party, so it cannot be considered an internal document. The company also added that the SEC previously acknowledged that this meeting was not related to the lawsuit against Ripple.
Document Coming Out In SEC Member Saying XRP Is Not A Security
The XRP community has done some deep research into why the SEC didn’t want to hand over this document. According to an XRP supporter Twitter user, recordings of the meeting kept by Brad Garlinghouse appear to show the SEC member saying that XRP is not a security.
Cryptocurrency community members expressed that the SEC’s failure to deliver this document is highly alarming.
Many observers feel that the SEC’s hand against Ripple is not as strong as it used to be.
*Not investment advice.