Ripple Wins Right to Access SEC’s 2018 Ethereum Emails as XRP Case Rumbles on - Aliens: AI Crypto News & Markets Updates

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Ripple Wins Right to Access SEC’s 2018 Ethereum Emails as XRP Case Rumbles on

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Cryptonews

Fri, Jan 14, 2022

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Ripple’s protracted legal battle with the US Securities and Exchange Commission (SEC) has taken yet another turn – with the firm winning the right to access a much-contested document containing quotes by an SEC official on the matter of whether or not ethereum (ETH) is a security.

The SEC has accused Ripple officials of selling the XRP token as an unregistered security, a claim the executives deny.

Any sort of admission by the SEC that ETH is not a security, Ripple’s legal team claims, would help their case.

Reacting to a speech by the current SEC chief Gary Gensler, the lawyer wrote that the SEC was playing “the delay card and using it to their advantage.” “So much for ‘justice delayed is justice denied.’ How about publicly committing to moving the Ripple case as ‘swiftly’ as possible with no more delays?” He accused the SEC of using “regulation by enforcement to create an uneven playing field” and “picking winners and losers according to opaque rules they make up as they go along.” A group of XRP token holders has also been attempting to insert themselves in the legal case , arguing that their views are not being represented in the trial – despite pushback from the SEC.

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