Ripple (XRP) Expresses Not Opposing The SEC, But ...

Cryptocurrency Ripple XRP (Photo; vjkombajn - Pixabay)

JAKARTA – The dispute between the US Securities and Exchange Commission (SEC) and Ripple (XRP) has yet to be resolved. Ripple Labs recently filed a letter to Judge Sarah Netburn. The contents of the letter contained a statement that the defendant did not oppose any of the editors requested by the US Securities and Exchange Commission.

Reporting from U.Today, the SEC asked the court to edit parts of the handwritten notes that were taken by its staff. The agency argues that the records are protected by deliberative process privilege (DPP) because they "expressly reflect" the author's own thoughts.

The note relates to discussions about the legal status of Bitcoin and initial coin offerings or ICOs. With this, the defendant claims to have no access to the unedited document. Therefore, the defendant must go to court to find out whether the parts of the edited document are really protected by the DPP or not.

In this case, Ripple declares that it has rights in relation to these records. With the lawsuit entering its second year, there are still some unresolved discovery disputes.

In January, the court partially granted Ripple's motion to force the SEC to produce documents that the DPP should have protected. The document includes an internal email containing a speech by former director William Hinman, in which he stated that the cryptocurrency Ethereum is not a security.

Regarding the speech, the SEC has repeatedly stated that the speech did not reflect the regulator's stance on the issue with Ripple. On the other hand, Ripple insists that William Hinman's speech has hurt XRP.