Ripple CEO Brad Garlinghouse tweeted, “Today was a good day.” And he’s right; there’s a lot for XRP investors to be pleased about right now. Chief among which is how yesterday’s court hearing did not go the way the SEC had anticipated.
Today was a good day.
— Brad Garlinghouse (@bgarlinghouse) April 6, 2021
SEC vs. Ripple Hearing – Key Points
Since December, Ripple Labs has been locked in a battle with the SEC, which accuses the firm of offering an unregistered security in its native XRP token.
During a discovery hearing yesterday, Ripple scored another point in this landmark case, as Judge Sarah Netburn ruled the SEC hand over internal documents about Bitcoin and Ethereum.
Specifically, she ordered the SEC must search for and provide all documents related to XRP, Ether, and Bitcoin discussions wherein any third parties were involved. But informal documents are not discoverable, this would include items such as emails on thought processes.