A recent SEC letter sheds light on some of the key Ripple and XRP-related meetings of its staff

As AZCoin News reported, the U.S. Securities and Exchange Commission (SEC) filed its Letter Brief regarding the allegedly privileged documents it’s withholding from Ripple. The SEC claims that every single document that will be reviewed by Judge Netburn in-camera is privileged. This letter sheds light on some of the key XRP-related meetings of its staff.

SBI and CME met with SEC to discuss XRP in the Ripple case

In the letter, the SEC provided a list of internal documents it believes are protected by the deliberative process privilege and the attorney-client privilege.

The SEC wants to prevent Ripple from accessing the agency’s predictive handwritten notes that reflect its considerations about regulating crypto assets.

In 2018, representatives of CME, the largest futures exchange in the world, met with Valerie Szczepanik, the head of FinHub, to chat about XRP. Szczepanik had a meeting with Joe Lubin of Consensys in December 2017, but the exact purpose of their meeting has been redacted.

In August 2019, crypto-friendly SEC Commissioner Hester Peirce and Japanese financial conglomerate SBI Group, one of Ripple’s key partners, also discussed the regulatory status of cryptocurrencies.

Magistrate Judge Sarah Netburn said that she would conduct an in-camera review of the documents sought by Ripple, also noting that they may be “far afield” to the discovery process.

Read more:

Follow us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like