Breaking News: SEC vs. Ripple - Judge Grants Defendants Motion to Issue Two Subpoenas!
In a significant development in the ongoing SEC vs. Ripple case, the defense has scored a key victory. Magistrate Judge Sarah Netburn has granted Ripple Lab’s request to serve two non-party subpoenas, filed on the 3rd of. This move could prove crucial as Ripple seeks to bolster its defense against the US Securities and Exchange Commission (SEC).
The US Securities and Exchange Commission (SEC) suffered a major setback as Magistrate Judge Sarah Netburn granted Ripple’s appeal to serve subpoenas. This decision centers around the authentication of critical evidence relating to the SEC's own public statements.
Specifically, Ripple XRP In a Text Only Order, Judge Netburn granted the Ripple Defendants’ Motion to Serve Two Subpoenas. The subpoenas are intended to authenticate videos of seven SEC officials’ public remarks. This suggests Ripple is aiming to use the SEC's own words against them, potentially highlighting inconsistencies or ambiguities in their stance on cryptocurrency regulations.
The documents are connected to U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. / Securities and Exchange Commission v. Ripple Labs, Inc. This makes the subpoena even more pertinent to the legal battle.
This isn't the only recent development in the case. Bradley Court Grants a Motion. A U.S. District Court judge has approved the request to seal key documents in the ongoing legal case between Ripple and the SEC. This move adds another layer of complexity and speculation to the already closely watched proceedings. The reasons for sealing the documents remain confidential, further fueling interest in the outcome of the SEC vs. Ripple case.
In the latest turn of events, Magistrate Judge Sarah Netburn has granted Ripple Lab’s request to serve two non-party subpoenas. The request was filed on the 3rd of, and the decision to grant it suggests that the judge finds the information sought is relevant and potentially admissible in court. This represents a positive step for Ripple in their fight against the SEC. Stay tuned for more updates as this crucial case unfolds!