U.S. District Judge Analisa Torres also suggested the move could add further delays to the case, despite Ripple and token holders urging a quick resolution to the proceedings.
Judge Sarah Netburn ruled against Ripple’s request to gain access to the trading records, saying that individual trading decisions do not bear on the issues in the case.
Ripple has filed a motion seeking to compel the SEC to reveal whether any of its staff members held XRP as it builds on its lack of fair notice defense.
CoinGeek’s Chief Bitcoin Historian joined the Cash Daddies podcast to talk about why BSV will gobble up all the other chains and calls out scams in the space.
Ripple Labs is under fire after the U.S. securities regulator accused the company of undermining a regulatory probe into whether the XRP token is an unregistered security.
Beleaguered cryptocurrency exchange Binance has lost yet another U.K. mainstream payment on-ramp while Ripple execs seek to force Binance to expose its trading data to U.S. securities regulators.
Based on the legal test for determining whether something is a security or not (Howey), the SEC has a case. However, in filing its defense, Ripple Labs made an excellent point worthy of discussion.
The payments company is seeking to prove that the XRP sales its executives made were beyond the jurisdiction of the U.S. watchdog.
A New York judge ruled against the securities regulator’s motion to access the Ripple’s memos through which it sought to prove that the payments company knew XRP was a security.
Judge Sarah Netburn granted a motion to dismiss the SEC request, which would have required Ripple’s Brad Garlinghouse and Chris Larsen to divulge their personal financial records to the court.
Ripple Labs has recorded two small victories in the ongoing U.S. Securities Exchange Commission (SEC) lawsuit.