How Expert Discovery In XRP Vs SEC Case Is Paving The Way For A Ripple Win

Published by
How Expert Discovery In XRP Vs SEC Case Is Paving The Way For A Ripple Win

The lawsuit between U.S. Securities and Exchange Commission (SEC) and Ripple has come a long way. Back in 2020, SEC sued Ripple alleging that the XRP token is a security and a currency. Many events and evidence related to the case came into the spotlight till now. However, the majority of the documents represent the biases and lack of clarity in the approach of the commission.

Advertisement

Major events discovered in the case

February 2022 can be marked as the most action-packed month till now in the case. The month saw revelations of the mystery hidden behind the two legal memos to considering Estabrook Notes to be shown on camera. The latest discoveries have completely shaped the case in Ripples’ favor while SEC is still trying to apply delay tactics.

From Ripple and XRP’s perspective, the revelation of the legal consulting memos received from Perkins Coie LLP attorney back in 2012 has played in their favor. While, the first memo said ‘Sale may subject to being regulated as securities or commodities by the commission’, the second memo assured that XRP may not be considered as a security under federal law.

However, disclosure of the Estabrook Notes will play a vital role in this case. These notes are the minutes from the meeting between Mr. Garlinghouse and then SEC’s Commissioner Roisman. Interestingly this meeting happened in November,2018 after which SEC sued Ripple in 2020.

Advertisement

What after Discovery period?

The notes carry very crucial information regarding the nature of XRP tokens. Ripple’s CEO believes that these notes will surely help them in the case. Notes will approve that he had a discussion with the Commissioner regarding the regulation of digital assets.

It seems like the crucial discovery period in the lawsuit is coming to an end. This is a positive signal for cryptocurrency enthusiasts. This season has been fruitful for Ripple as it has presented both old and new documents related to the nature of the token. As fast as this will end the next ‘Conclusion period’ will start where the court will decide the fate of the XRP token.

Advertisement

Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges

U.S. private payrolls unexpectedly fell in September, raising market bets that the Federal Reserve will…

October 1, 2025
  • 24/7 Cryptocurrency News

Hashdex Adds Cardano to Crypto Index Fund as ADA Gains SEC Listing Eligibility

Asset manager Hashdex has officially included Cardano in its Nasdaq Crypto Index U.S. ETF. This…

October 1, 2025
  • Bitcoin News

U.S. Treasury To Ease Tax Rule on Unrealized Bitcoin Gains, Aiding Saylor’s Strategy

The U.S. Treasury and IRS have released an interim guidance, which highlights plans to ease…

October 1, 2025
  • 24/7 Cryptocurrency News

Trump-Backed World Liberty (WLFI) Plans RWA Tokenization Paired with USD1 Stablecoin

Trump Family's World Liberty Financial has unveiled big real-world asset (RWA) tokenization plans on Wednesday,…

October 1, 2025
  • 24/7 Cryptocurrency News

Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms

Fintech giant Stripe has unveiled a suite of tools to enable businesses to tap into…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: Metaplanet Expands Treasury With 5,268 BTC Purchase, Climbs to 4th Largest Holder

Metaplanet has expanded its Bitcoin portfolio with another purchase. The Tokyo-listed firm is now the…

October 1, 2025