SEC v. Ripple: SEC’s new filing to redact notes by its own officials draws public ire

ambcrypto.com:

Delay, frustration, and a fear that things will never end.. .no, this isn’t a traffic jam we’re talking about, but SEC vs. Ripple case. Ripple officials and XRP holders may be eagerly waiting for the proceedings to end but until then, hurdles and delays seem to be the theme of the year.

On 23 March, the SEC submitted a filing where it asked the court for permission to redact some handwritten notes taken by SEC staff members at meetings. The SEC claimed these were protected by deliberative process privilege, saying,

“The handwritten portions in question expressly reflect either (1) the authors’ thoughts regarding subject matters discussed during meetings and/or (2) deliberations among SEC staff during meetings…”

The notes by Valerie Szczepanik, Michael Seaman, and Jonathan Ingram from meetings in 2014 and 2018 allegedly contained “internal communications” or “deliberations among SEC staff during the meeting.” For that reason, the SEC requested permission to redact “portions” of these notes.

Adding to that, things are only about to get more complicated. Attorney Jeremy Hogan noted that the Chamber of Digital Commerce was submitting a brief in the case.

The organization’s founder “Perianne” had previously claimed that XRP was not a security. It remains to be seen how this will line up with the actions of crypto lawyer John Deaton, who is representing well over 50,000 XRP holders in the case.

It filed an Amicus in the Telegram case and focused on distinguishing the digital asset from any potential «investment contract.»

This is similar to what Attorney Deaton is arguing. https://t.co/qzMLj75gKb

— Jeremy