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Denied: Ripple’s Request for SEC’s Trading Policy Documents

CryptocurrencySep 23, 2021 05:00AM ET
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© Reuters. Denied: Ripple’s Request for SEC’s Trading Policy Documents

  • The US SEC had a little win against Ripple yesterday.
  • Ripple requested the SEC’s ‘trading policies governing digital assets’.
  • The judge denied the Ripple request for documents as it may ‘cause confusion’.

Yesterday, the US Securities and Exchange Commission (SEC) had a little win against Ripple. Judge Sarah Netburn denied the latter’s request for documents detailing the ‘trading policies governing digital assets’.

Based on the ruling provided by Atty. James Filan, the US magistrate judge declined to grant the defendants access to documents. To explain, the judge does not want to ‘cause confusion’ than provide any relevant findings.

Courts have ordered the regulator to disclose its crypto trading policies in the past. Ripple claims the SEC’s counsel advised that their employees are prohibited from trading XRP since the investigation began in 2019.

Ripple maintained that the SEC did not produce any form...

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Denied: Ripple’s Request for SEC’s Trading Policy Documents
 

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