The US Securities and Exchange Commission (SEC) has been interrupted from accessing the legal concerns of Ripple regarding XRP. 
<h2>SEC Wanted To Help Ripple’s Legal Concerns Regarding XRP</h2>
Ripple interrupted the US Securities and Exchange Commission <a href="https://www.cryptoknowmics.com/news/sec-can-continue-contacting-foreign-securities-regulators-over-ripple-case/">(SEC)</a> from obtaining records of legal concerns regarding  XRP's classification as a security.

On May 7, the SEC <a href="https://www.dropbox.com/s/x7sy45ky19fdfii/US_DIS_NYSD_1_20cv10832_LETTER_MOTION_for_Local_Rule_37_2_Conference_addre.pdf?dl=0" target="_blank" rel="nofollow noopener">requested </a>that Judge Netburn require Ripple to submit documents of legal guidance about whether its huge XRP sales comply with federal securities laws

“Ripple claims that the SEC's sought conversations are protected by the attorney-client privilege, which has not been waived,” stated US Magistrate Judge Sarah Netburn in a <a href="https://www.dropbox.com/s/8qu16xsy7rs1w9i/Decision%20Denying%20Access%20to%20Legal%20Memos.pdf?dl=0" target="_blank" rel="nofollow noopener">document made public </a>Wednesday.

The SEC said that Ripple's <a href="https://www.cryptoknowmics.com/news/ripples-co-founders-lost-19-27-xrp-fortunes-to-bitgo-amp-binanace/">grasp of XRP's</a> legal status would help it in its current court struggle. Ripple Labs is being <a href="https://www.cryptoknowmics.com/news/moneygram-issues-statement-after-us-sec-files-lawsuit-against-ripple/">sanctioned</a> by the SEC for selling $1.3 billion in XRP in continuing unregistered securities sales. The company has rejected the SEC's charges since they were filed in December.
<h2>Success in Interrupting The SEC From Accessing Its Legal Concerns</h2>
Jeremy Hogan, a partner at law firm Hogan &amp; Hogan who has closely followed the case, <a href="https://twitter.com/attorneyjeremy1/status/1399006147701522434" target="_blank" rel="nofollow noopener">tweeted </a>that today's decision is "very important because the Judge states Ripple's subjective beliefs [a]re XRP are NOT relevant to the Fair Notice defense, blocking the road the SEC wanted to use to fight the Defense."

[embed]http://twitter.com/attorneyjeremy1/status/1399006147701522434[/embed]

However, Judge Netburn said that her judgment is limited to this particular problem, and that “the Court takes no view on whether Ripple's asserted defense is cognizable or if it will prove meritorious.”

Ripple has requested Judge Netburn to ask the SEC to reveal internal notes concerning cryptocurrency in a tit for tat. Its attorneys thought that learning if the SEC was biased towards XRP, would be beneficial. Judge Netburn approved this request "in part."

Ripple Interrupts SEC from Accessing its Legal Concerns Regarding XRP

Ripple prevented the US Securities and Exchange Commission from collecting documents of legal concerns regarding the categorization of XRP as security.

Kavya Barua is a voracious learner who is fascinated by crypto and Fintech advancements. Graduated from Janki Devi Memorial College's B.A (Hons) English program at the University of Delhi. She aspires to be a successful professional, having a keen interest in learning and achieving results.

Ripple Interrupts SEC from Accessing its Legal Concerns Regarding XRP

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