The case of the US Securities and Exchange Commission (SEC) against Ripple is ongoing, and is gaining momentum day by day.

It can be said about the current status of the lawsuit is that it is in the midst of a heated battle between the two parties.

The case currently revolves around the presentation and discovery of evidence and documents, as the two sides collect evidence to strengthen their positions.

After this stage, what was done will be summarized, after which the judge will present his verdict.

Friday, April 30th session between the “SEC” and Ripple:

The gist of last Friday’s session centered on whether Ripple’s Memorandum of Understanding and its relationship with foreign governments is mandatory or voluntary.

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A few days before the hearing, Ripple accused the Securities and Exchange Commission (SEC) of using extrajudicial tactics with special requests related to its MOUs.

Ripple’s response has been well received by the crypto community supporting it.

While the opinion of Judge “Sarah Netburn” was as follows:

My understanding is that although the foreign company must comply with its government’s request, the foreign government does not have to comply with the SEC’s request.

Attorney Jeremy Hogan was one of those who witnessed the hearing, and he presented after the hearing Video means:

I think the judge was leaning toward allowing the SEC to continue with the applications because handing over documents from the foreign government to the SEC is voluntary rather than mandatory.

During the trial hearing, Ripple’s attorney responded to the SEC’s arguments by asserting that while there was no basis for filing the documents, most parts of the application were not voluntary, especially when smaller countries are dealt with by an economic giant like the United States. American.

In the sense that countries, especially small ones, are acquiescing to the request of the “SEC” body regarding the delivery of documents and memoranda of understanding for Ripple.

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Attorney Hogan also revealed that the SEC was extremely meticulous about informing Ripple of its “intent to use the RFA” procedure to reveal the files.

Hogan added that the SEC should have made it clear that this meant “requests for assistance” and not “requests for acceptance.”

Ripple’s attorney also opposed the SEC’s attorney for using an old case of prior value to present his case.

According to Ripple’s lawyers, the aforementioned case from the SEC lawyers is based on incorrect facts and does not have any convincing fact.

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While Judge Netburn has not yet ruled on the arguments presented, it is still considering the case and the files submitted.

Hogan commented:

I think Judge Netbourne would probably allow the SEC’s requests to continue, although I really feel it was a wrong decision because the requests are “de-facto” demands officially by law).

Hogan also indicated that he did not rule out the possibility that Judge Netburn would reject the SEC’s requests in a timely manner.

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