The blockchain firm has scored its first major win against the SEC following a decision by Judge Sarah Netburn to grant Ripple’s motion to compel the production of documents confirming that Bitcoin and Ethereum are not securities.
On March 15, Ripple’s lawyers filed a motionasking Federal Judge Analisa Torres to mandate the SEC to produce other documents apart from the ones selected by the financial watchdog. Ripple wants the Commission to produce documents that define Bitcoin and Ethereum as non-securities, asserting that “the economic substance” of XRP transactions is not different from that of the two other legacy digital assets.
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Source: Cryptocurrency - investing.com
