Wednesday, August 4

Ripple (XRP) Takes Another Win Against SEC

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Magistrate Sarah Netburn denied the U.S. Securities and Exchange Commission’s request for documents regarding Ripple’s lobbying efforts.

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This comes after the court barred the company from receiving legal advice it sought or received last month regarding XRP’s regulatory status.

In his June 15 decision, the judge stated that Ripple’s lobbying efforts were “not relevant” and reiterated his previous stance.

The SEC had alleged that the company paid Chris Giancarlo, former chairman of the Commodity Futures Trading Commission, to “support its litigation position.”

Netburn also denied a request to force the production of the documents after the SEC’s complaint. However, the regulator can request again.

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