The US Securities and Exchange Commission (SEC) has asked the court to deny Ripple’s request to obtain SEC documents relating to the classification of Bitcoin and Ethereum as non-securities.

According to the official letter from the Securities and Exchange Commission:

Defendants are asking for a discovery far beyond anything that might be considered relevant or proportional to the needs of this case.

Ripple’s defense argues that the Securities and Exchange Commission (SEC) has failed to classify XRP as a cryptocurrency like Bitcoin and Ethereum.

while I wrote The Securities and Exchange Commission via the official letter to Judge Sarah Netbourne:

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The defendants are seeking to discover two unrelated digital assets (bitcoin and ethereum) and to discover internal SEC documents, both of which are not relevant to the case.

What Ripple is trying to do is try to shift the blame for the defendants’ actions and inaction to the Securities and Exchange Commission.

Attorney Jeremy Hogan, who was not involved in the case but is closely following the lawsuit, suggested that the SEC’s insistence that documents related to Bitcoin and Ethereum not be disclosed may be indicative of the SEC’s withholding of important information.

Hogan said on Twitter:

Well Well.

Now we know exactly what documents the Securities and Exchange Commission is concerned about seeing Ripple.

The SEC says the required Bitcoin and Ethereum documents are not relevant.

Which could be explained by the fact that the Bitcoin and Ethereum documents are not only relevant but potentially harmful to the SEC’s lawsuit.

Attorney John E. Deaton, who represents XRP holders in filing a motion to intervene in the case, agreed with Hogan.

He stated:

Of course the required files are related.

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If they weren’t, the Securities and Exchange Commission wouldn’t be too concerned about it.

They also do not want to launch the internal debate about XRP.

There has been speculation that even within the SEC, there has been disagreement over whether suing Ripple for XRP being an unregulated collateral is the right step forward.

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In addition, the timing of the lawsuit has been criticized as being too grotesque, as the lawsuit was delivered just as former Securities and Exchange Commission Chairman Jay Clayton was leaving the agency last December.

Ripple executives have accused the Securities and Exchange Commission of failing to provide clear regulatory policies for cryptocurrencies and suppressing innovation in the industry and preventing it from expanding.

They also demanded an explanation of why the SEC waited so long before deciding to sue Ripple for XRP being an unregulated security, when they could have done so at the beginning of XRP in 2012.

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