SEC Restrategizes Its Approach to Ripple in Ongoing Lawsuit
5 hours ago by Steve Muchoki · 3 min read
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As the SEC pushes for foreign regulators to join forces against Ripple, the case is likely to take a different stance before the final ruling.
After the Securities and Exchange Commission (SEC) was directed to reveal its internal documents on crypto communications in a pre-trial ruling against Ripple and the top management earlier this month, the regulator has now changed tactics to counter the defendant. According to a joint letter to US Magistrate Judge Sarah Netburn filed on April 16, the lawyers representing defendants noted that the SEC was pursuing discovery outside the scope of the Federal Rules and the Hague Convention by improperly leveraging Memoranda of Understanding (“MOU”) with foreign regulators.