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XRP Lawsuit: SEC claims all withheld documents protected under ‘deliberative process privilege’
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As the holiday season rolls around, both the SEC and Ripple are busy writing to the court. No, not Christmas cards, but letter briefs to supplement their arguments after Judge Sarah Netburn ordered them to do so.
Here is what the American regulator had to say.
The SEC took note of an updated reading of deliberative process privilege, which protects a company’s documents related to a “specific” decision or decision-making process, even in the courtroom. The SEC used this interpretation to explain why the documents that Ripple wanted for an in-camera – or private – review, should be protected. The SEC’s letter by Counsel Ladan F. Stewart, stated,
“Because all of the withheld documents are connected to an identified decision or decisionmaking
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