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The Court case between the SEC and Ripple is fast approaching the 2-year mark.

The SEC accused Ripple of selling unlicensed securities, since then, there have been countless back-and-forths, objections, and red tape preventing the courts from reaching any clear resolution on the matter.

One of the key claims of Ripple is on the SEC’s conflict of interest.

This is because Ether was being sold in a similar manner as XRP when founded, but ETH was declared not to be a security by former SEC commissioner William Hinman.

Ripple claims that this could indicate preferential treatment and sought out the transcript of the speech in which Ether was declared to not be a security.

The SEC, however, objected for a long time but was instructed by New York judge Analisa Torres to hand over the transcript last month.

The long anticipated remission of the documents and e-mails related to the speech was announced by Ripple General Counselor Stuart Alderoty, who stated he had seen them and believed they were well worth fighting and anticipating for.

However, the documents will remain private for now, as requested by the SEC.

Alderoty added that although he always believed Ripple was in the right, but the receipt of the said documents has only vindicated his assertion.

“I’ve always felt good about our legal arguments, and I feel even better now. I always felt bad about the SEC’s tactics, and I feel even worse about them now.”

The new announcement was met with relief from the Ripple community, especially the coin holders.

Although Amid tweets requesting a flurry of virtual champagne corks, Ripple co-founder, Brad Garlinghouse, chimed in to allude to potential wrongdoings by the SEC, alleging that his beliefs about the agency’s conduct have also turned out to be true.

Hinting at future disclosure of the documents, his claim might be true.

However, the results of the turnover will likely be seen in court soon.

By Meekness Nnoka

Blockchain Analyst & Writer with top-notch Technological background. Enjoys reading and writing fascinating crypto contents. 4 years content creating experience.

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