According to the judge's decision announced on April 6, Ripple wins a discovery motion to access the SEC's inward papers related to crypto assets and in what case they are considered securities.
The technology company together with the CEO Brad Garlinghouse and Executive Chairman Chris Larsen made the request on March 15 aiming to discover SEC's views about BTC, Ether, and XRP.
Judge Sarah Netburn validated the request stating that there is no need to produce employer-to-employer email correspondence. Particularly, the judge enabled access to papers like meeting minutes and internal memos. The sides are also allowed to start debates with the ruling.
This major case began in December 2020, when the SEC accused Ripple of trading the cryptocurrency XRP, which it claims is unlisted security. Ripple doesn't agree and says the token is like BTC and Eth which are viewed as commodities by the agency. Besides, it's not clear for the company why the SEC decided to start actions eight years after XRP's release.
While the investigation continues, the price of XRP has gone up. Yesterday it set a three-year record high of $1.10. At the moment XRP trades at above $0.9.