Court Orders SEC to Grant XRP Access to BTC and Ether Documents
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April 7, 2021

Judge Sarah Netburn has granted Ripple's motion. Now, the US Securities and Exchange Commission (SEC) must provide the blockchain company with documents revealing the regulator's "interpretation or views" on Bitcoin and Ether, Law360 has reported.

Ripple will have access to minutes and memos from the regulator. E-mail correspondence between the SEC employees is not included in the order. Also, the regulator can still file a request to challenge the decision.

Matthew Solomon, one of Ripple's lawyers, believes the move may be a game-over for the SEC's lawsuit if they find evidence that the regulator has deemed XRP to be similar to BTC or Ether, noting that the SEC's scope of regulation is limited to securities.

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Ripple filed a petition in January and requested information on why the agency does not classify Ether as a security. According to the blockchain firm, the disclosure of such information should demonstrate the SEC's accusations against it are unfounded.

In December 2020, the regulator accused Ripple, Garlinghouse and company co-founder Chris Larsen of selling $1.3B in XRP through an unregistered securities sale.

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