.SECGov will not be requesting additional discovery for the time being
Magistrate Judge Sarah Netburn that it intends to oppose the court’s recent deliberative process privilege ruling, asking for additional time. The agency has said that it intends to raise new privilege assertions in its recent letter.
On Jan. 13, the court ruled that the SEC must produce emails related to the controversial Ethereum speech of former high-profile official William Hinman, in which he declared that the second-largest cryptocurrency wasn’t a security. The plaintiff then filed a motion for reconsideration, but it was rejected by the judge earlier this week, which some described as a big win for Ripple. The SEC is not satisfied with the decision.
The agency has noted that the defendants are willing to proceed to summary judgment without a definitive ruling on the issue.The SEC doesn’t plan to take any additional discovery in the Ripple case for the time being. At the same time, the letter says both the plaintiff and the individual defendants may request additional discovery related to the disgorgement remedy in the future.
In addition, Ripple’s lawyers have informed the SEC that the defendants reserve the right to assert any appropriate defenses in the future. The SEC may seek discovery related to any such defense in order to be able to strike it as prejudicial.
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