Court Grants Ripple’s Request for Access to SEC’s Internal Trading Policy

Ripple’s request for access to the U.S. Securities and Exchange Commission’s (SEC) insider trading policy has been granted by District Judge Sarah Netburn, according to U.Today. The court found that the request met the “low threshold of relevance” and that the SEC argued that its employees’ insider trading policy was “irrelevant. However, Ripple claims that the SEC’s treatment of digital asset transactions, including any distinction it makes between XRP and other digital assets, is directly relevant to the SEC’s view of digital assets, both in terms of the application of the Howey test and Ripple’s fair notice defense.

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