Ripple Gets Trickle Of SEC Docs From Privilege Challenge

By Dean Seal. January 14, 2022. (Law360).

Ripple Labs won access to only a small portion of a trove of U.S. Securities and Exchange Commission documents the agency claimed are privileged, as discovery in the most closely watched enforcement case in the crypto industry enters its final month.

A New York federal magistrate judge on Thursday ordered the SEC to give Ripple a selection of handwritten notes agency staffers took during certain meetings with third parties unrelated to Ripple, as well as an emailed draft of a 2018 speech in which a former SEC official said that sales of mainstream cryptocurrencies Bitcoin and Ether were not subject to securities laws.

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Since Chairman Patrick McHenry threatened to SUBPOENA Gary Gensler for NON-COMPLIANCE with Congressional oversight.