SEC v. Ripple: Court Schedules Telephonic Conference to Discuss Privileged Documents

A new telephonic conference is planned between Ripple and the SEC to discuss the pending privilege dispute, Magistrate Judge Sarah Netburn of the U.S. District Court for the Southern District of New York has scheduled a new telephonic conference between Ripple and the U.S. Securities and Exchange Commission (SEC) that will take place on Aug. 31 at 12:00 p.m.

The parties will discuss the company's forthcoming move to compel the regulator to release a trove of private documents that the defendants think are essential to their "fair notice" defense.

The SEC, according to Ripple's lawyers, neglected to express its views on digital assets to the general public. This is why it is attempting to compel the regulator to provide internal documents outlining the watchdog's opinions on Bitcoin, Ethereum, and XRP.

As a result, the agency has asserted the deliberative process privilege, which protects information about how a government agency arrived at a specific policy or conclusion.

The court maintained its earlier decision on document production in early May. The SEC must produce its interagency memoranda addressing the aforementioned assets, with the exception of its staff's informal communications, however documents can be excluded on the grounds of privilege.

Ripple has taken advantage of the situation to point out that the SEC has incorrectly classified 40 documents as privileged.


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