In the latest development in the Ripple case, Ripple sent a letter to Judge Netbourne asking the company to extend two additional working days, that is, until Monday, August 16, 2021, to respond to the SEC’s emergency proposal regarding the dispute over Slack’s communications and data.

Ripple fails to produce Slack data:

The SEC wrote to Judge Netbourne, requesting that it reconsider its lawsuit about Slack’s conversations with Ripple employees.

Upon approval, Ripple will be obligated to produce pending data from Slack.

For your information, Slack is a messaging application used by many international companies, including Ripple for internal communications.

The SEC stated that the defendants had earlier agreed to comply and provide the requested data, but, as the date for the data disclosure approached, Ripple unceremoniously withdrew, refusing to provide Slack’s data, due to a “data processing error.”

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Additionally, the SEC cited a failure to produce the majority of Slack’s data including conversations by defendant Garlinghouse, along with messages between all of the company’s designated secretaries, adding to the SEC’s suspicions.

Why the SEC insists on Slack data:

The SEC has certified a list of 11 Ripple witnesses using incomplete records of their communications.

The panel argues that Ripple employees’ conversations on Slack carry “highly relevant communications”, and defendants should be forced to search for and remove relevant messages.

The SEC claimed that the defendants already had knowledge of the sensitive information the Slack data contained against them in the case, and thus avoided revealing the conversations and messages.

According to the SEC, the messages show that Ripple employees are directly discussing related issues and disputes.

According to the SEC, the messages include:

a) Discussions about Ripple’s desire to establish a speculative trade in the digital currency XRP.

b) The impact of Ripple’s announcements and efforts, and Ripple’s concerns about the price of XRP.

c) The relationship and centrality of XRP sales to the overall Ripple business.

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d) The regulatory status of XRP.

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