SEC vs. Ripple: Court Schedules Telephonic Conference to Discuss Privileged Documents
Magistrate Judge Sarah Netburn of the U.S. District Court for the Southern District of New York has scheduled a new telephonic conference between Ripple and the U.S. Securities and Exchange Commission (SEC) that will take place on Aug. 31 at 12:00 p.m.The parties will confer regarding the company's pending motion to compel the regulator to produce a pack of privileged documents that defendants believe are relevant to their "fair notice" defense.Ripple's lawyers state that the SEC failed to communicate its views on digital assets to the public. This is why it wants to force the regulator to produce its intra-agency documents that express the watchdog's views on Bitcoin, Ethereum and XRP.
There is also another ongoing discovery dispute regarding Ripple's Slack communications. As reported by U.Today, the SEC wants Ripple to search through more than one million messages from the chat-powered business workplace app, asserting that they contain "critical" and "unique" evidence.The defendants claim that the arduous production process could further prolong the discovery phase.Source