Public documents reveal that the U.S. Securities and Exchange Commission (SEC) has previously referred to Ripple as a “digital currency company.”
The regulatory agency also filed suit against Ripple executives Brad Garlinghouse and Chris Larsen, claiming they both played significant roles in negotiating and approving Ripple’s institutional sales.
On Tuesday, Judge Sarah Netburn, the presiding official in the case, granted Ripple the right to examine the SEC’s internal discussions to determine whether or not the Commission differentiates XRP from Bitcoin and Ethereum in said conversations, Law360 reports.
Garlinghouse, Ripple’s chief executive, appears to be pleased with Netburn’s ruling.
Today was a good day.
— Brad Garlinghouse (@bgarlinghouse) April 6, 2021
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