Bloomberg Law
Sept. 30, 2022, 6:49 PM

Ripple Wins Access to SEC Documents in XRP Crypto Token Case

David Jolly
David Jolly

A federal court has ordered the Securities and Exchange Commission to give payments company Ripple Labs Inc., access to potentially key documents related to a speech by a former official.

The commission’s efforts to block release of the documents—initially on deliberative process privilege grounds and then on the basis of attorney-client privilege—must be denied because the material meets the test for relevancy under the “‘extremely broad’ concept of relevance used to resolve discovery motions,” according to the Thursday ruling by Judge Analisa Torres of the US District Court for the Southern District of New York.

The documents relate to a ...