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Per US Judge Sarah Netburn, this discovery might lead to a high-stakes win for Ripple.
If Ripple finds contradicting information against the SEC, XRP might fall outside the watchdog’s purview.
Ripple has won a discovery ruling that will mandate the US Securities Exchange Commission (SEC) to grant the company access to its internal documents on Bitcoin (BTC) and Ethereum (ETH). A report unveiled this news on April 6, noting that Ripple hopes to find proof that the watchdog classified XRP, BTC, and ETH as non-securities at some point. In doing so, Ripple hopes that it will reach the end of the £0.943-billion case in which the SEC accused the company and two of its executives of issuing an unregistered security.