Ripple Labs has been granted access to U.S. Securities and Exchange Commission documents “expressing the agency’s interpretation or views” on the subject of crypto assets. According to Law360, U.S. Magistrate Judge Sarah Netburn granted the defendants’ motion “in large part,” determining that SEC minutes or memos concerning crypto are likely discoverable. Netburn asserted staff-to-staff email communications do not need to be produced.
Netburn also allowed for the SEC and Ripple to raise disputes with the ruling. In December, the SEC filed a lawsuit alleging Ripple Labs, its CEO Brad Garlinghouse, and chairman Christian Larsen, raised $1.38 billion through an unlicensed security offering in August 2013. Ripple has challenged the SEC’s suit, claiming that XRP is akin to Bitcoin or Ethereum — both of which have been classified as commodities by the SEC, in addition to criticizing the eight years taken for the agency to file its complaint against Ripple.
Law360 reports that Garlinghouse’s counsel, Matthew Solomon, believes it may be “game over” for the SEC’s suit should they find evidence the regulator has deemed XRP akin to BTC or Ether, noting the SEC’s regulatory purview does not extend beyond securities. With the SEC having taken eight years to file its complaint against Ripple, the firm’s lawyers also believe they can undermine the SEC’s claims should they be able to produce documentation showing contradictory determinations as to the regulator’s classification of XRP. The price of XRP has been on a tear this month despite the SEC’s complaint, with the token up nearly 100% since the start of April. XRP is up roughly 20% over the past 24 hours and is currently trading for $1.08.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 55.6% | 92 | $20 862.60 | -1.98% | 3.65% | $398 029 830 130 | ||
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2 | ![]() |
Ethereum predictions | 60.4% | 88 | $1 196.92 | -2.33% | 8.15% | $145 213 720 865 | ||
3 | ![]() |
Tether predictions | 94.8% | 1 | $0.999145 | -0.04% | 0.01% | $66 810 101 922 | ||
4 | ![]() |
USD Coin predictions | 94.8% | 1 | $1.000144 | -0.01% | -0.01% | $55 810 644 482 | ||
5 | ![]() |
Binance Coin predictions | 61.2% | 88 | $233.66 | -1.64% | 9.10% | $38 151 323 562 | ||
6 | ![]() |
Binance USD predictions | 93.6% | 1 | $0.999879 | -0.17% | 0.06% | $17 387 273 873 | ||
7 | ![]() |
XRP predictions | 63.2% | 80 | $0.353119 | -3.13% | 10.71% | $17 070 867 914 | ||
8 | ![]() |
Cardano predictions | 64.8% | 78 | $0.485901 | -3.06% | -0.43% | $16 400 414 907 | ||
9 | ![]() |
Solana predictions | 64.8% | 71 | $38.33 | -5.68% | 10.47% | $13 131 783 179 | ||
10 | ![]() |
Dogecoin predictions | 59.2% | 85 | $0.072123 | -0.83% | 21.93% | $9 568 648 805 | ||
11 | ![]() |
Polkadot predictions | 64.4% | 81 | $7.78 | -3.17% | 0.55% | $7 686 366 532 | ||
12 | ![]() |
Dai predictions | 96% | 1 | $0.999656 | -0.02% | -0.04% | $6 795 067 803 | ||
13 | ![]() |
TRON predictions | 56% | 88 | $0.067970 | 3.95% | 11.56% | $6 287 063 791 | ||
14 | ![]() |
SHIBA INU predictions | 60.4% | 78 | $0.000011 | -4.07% | 36.02% | $6 018 323 272 | ||
15 | ![]() |
Wrapped Bitcoin predictions | 57.6% | 92 | $20 815.72 | -2.06% | 3.43% | $5 507 396 530 |
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