Back-to-back letters are issued to federal judges by both Ripple and the US Securities and Exchange Commission. The most recent letter was issued by San Francisco-based blockchain payments company Ripple alleging that the company managed to produce 30,300 pages of documents as part of the SEC investigation.
In the new letter to Judge Sarah Netburn, the blockchain payment giant disagreed with the US SEC’s arguments, stating that BTC and ETH documents are, in fact, unrelated to the XRP case. However, Ripple said it was able to produce 30,300 pages of the documents within the duration of the agency’s investigation. And there are 75,000 documents currently under review by the company at the request of the SEC.
However, the company also alleged that the SEC had only shown a willingness to produce only 153 documents. The company added even more in the letter:
“The burden of fulfilling Defendants’ inquiries in a case of this importance to a critical issue is hardly uncommon, especially when compared to the discovery inquiries made by the SEC.”
Recently, the United States Independent Agency said the documents regarding BTC and ETH are not relevant in the case of Ripple’s XRP. Earlier major cases such as Kik and Telegram were also mentioned.
However, Ripple company continues to seek evidence as it believes the agency is contributing to the market confusion surrounding Ripple’s native digital currency, XRP. This is what the company said about it:
“Defendants are instead looking for documents that, either directly or using internal communications as a proxy, reflect how XRP has been seen in the marketplace. The SEC cannot deny that the agency is a focal point for inquiries about government guidance on whether XRP was a security.”
The battle continues and only time will tell where this lawsuit leads the fate of Ripple and XRP.