Court Granted Ripple Access to SEC’s Internal Trading Policies On XRP

Another win of XRP team in a case Filed by SEC to see all internal affairs of XRP coins regarding buy, sell and trade privacy.

Before this month a case had been filed by the U.S. Securities and Exchange Commission to reveal all types of details like purchase & sale of coins by the employees of XRP team. 

XRP is a banking sector coin which is highly secure and far from any type of pump like situation. And also many countries’ banks are involved in XRP coin use for transaction of funds from one country to another country.

But here is a problem for XRP non-public chain data facing a big issue of allegations by the SEC.

According to the U.S. The Securities and Exchange Commission XRP should reveal all the non-public data to them and also want to see all records of trade ( buy, sell or any type of deal) by the employees of the XRP team.

Before this case, SEC claims that there are chances that XRP team is doing some unregistered securities offering worth over $1.38 Billion and also there were some allegations on the CEO of Ripple.

But here in the recent court hearing, XRP team successively won against the SEC side. Court granted XRP privacy policies and said the XRP team doesn’t need to show their non-public data to SEC or another entity.

 Here it should be noticed that the decision of the court to grant the policies to XRP is fully credited to the investigation result of the SEC team.

According to the SEC, they didn’t find any type of irrelevant things that they expected earlier. 

Ripple lawyers also said that all types of investigation should be done that is a suspect against XRP, so that everything can be clear easily.

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