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A crucial development has taken place at today's hearing of the #Ripple #case, and judge Sarah Netburn stated that Ripple will most likely accept Ripple's request that some documents or correspondence showing XRP assessments within the #SEC can be investigated.
🧐Judge Netburn said, "I will most likely accept the request of the defense authority".
Stating that the documents at the SEC and the notes and other information showing the institution's views on cryptocurrencies are searchable, Netburn also left an open door for the parties to come up with more specific issues.
CEO Brad Garlinghouse and chairman Chris Larsen, who also personally defendants with Ripple, claim that the SEC has been confused for 8 years until the lawsuit is filed, and XRP is not more securities like Bitcoin and Ethereum for the institution . .
🚨"It becomes 'Game over' for SEC"🚨
Matthew Solomon, Brad Garlinghouse's attorney, said in a statement before the trial, “If there is a document or information that reflects the idea that the SEC is like Bitcoin and Ether on XRP , it means 'Game over' for them. We need to do this research and get the findings to defend ourselves. " made his comment.
Some pre-trial reports alleged that the SEC used the term "digital currency" for XRP in some internal correspondence in 2016. Experts state that the term "digital securities" should be used here as the SEC filed a security lawsuit against Ripple, and that this past event could put the SEC in a difficult position.
SEC attorney Dugan Bliss stated that the Ripple side is trying to change the focus of the case.
Strong reaction to those who want to publish from the judge
There was a lot of public interest in the hearing. Stating that more than 500 people wanted to participate in the case as an online audience, the judge Netburn said that some people wanted to broadcast the hearing live, although it was illegal and warned.
After the trial followed by #Newyork #District #judge #Analisa #Torres, no statement has yet been made by both Ripple and the SEC.