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SEC Files Motion to Redact Portions of Key Documents. A Means To Hide the Part That Says XRP Is Not a Security? Details

The United States Securities and Exchange Commission (SEC) has filed a fresh motion to redact portions of crucial documents, including some of the notes from its meetings with third parties. The new development corroborates Attorney Jeremy Hogan’s claim that SEC is plotting to hide a document that says XRP is not a security.

According to the SEC, the notes are protected by deliberate process privilege (DPP), a common-law principle that purposely exists to protect internal agency information.

Read Also: Ripple-SEC Lawsuit: SEC Is Deploying another Delay Tactic with the Latest Request Filed

The motion reads in part:

“The handwritten portions in question expressly reflect either (1) the authors’ thoughts regarding subject matters discussed during meetings and/or (2) deliberations among SEC staff during meetings.”

According to the regulator, the above listed are the major reasons for respectfully requesting that the court grant the proposed redactions.

The SEC seeks to redact the notes that were taken by Valerie A. Szczepanik, the SEC’s crypto czar, during a February 2014 meeting with Stanford Law School Professor Joseph Grundfest and then-SEC Commissioner Daniel Gallagher that focused on the legal status of Bitcoin.

It’s now left to Judge Sarah Netburn to either grant or deny the regulatory agency’s request for redaction.

It can be recalled that Ripple’s motion to compel the production of some internal documents of the SEC was partially granted by Judge Sarah Netburn. The draft emails requested by the blockchain-based payment firm are believed to contain detailed information on the infamous Ethereum speech of the former SEC official, Willian Hinman.

Read Also: FXOpen Executive Says XRP Price Could Accelerate Dramatically Once Ripple Wins, Corroborating Credible Crypto’s Assertion                                   

Also, the SEC seeks to redact notes made by the former senior special counsel to the director of the Division of Corporation Finance Michael Seaman and former deputy chief counsel in Corp Fin’s Office of Chief Counsel Jonathan Ingram, during a meeting with Professor Christian Catalin of Massachusetts Institute of Technology.

Jeremy Hogan’s Assertion about the SEC’s Plot to Hide a Key Document

About three days ago, Attorney Jeremy Hogan asserted that the SEC is plotting to hide a key document in which the SEC concluded that XRP wasn’t a security. The recent motion filed by the SEC is seemingly the confirmation of his assertion.

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Jeremy Hogan tweeted, “I tried to analyze this for you in a true legal sense. But, my MIND was BLOWN by the part below and I couldn’t think about much else after. Is the SEC “potentially” hiding a document in which the SEC concluded that XRP was… NOT A SECURITY? WHAT DOES SOLOMON KNOW????”


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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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