In a reply letter to judge Sarah Netburn, dated May 25, the Securities and Exchanges Commission (SEC) accused Ripple of lobbying regarding the status of XRP whether the securities or not.
A letter sent from SEC attorney Jorge Tenreriro explained that Ripple was trying to influence public perceptions of the status of XRP, which is still on trial.
Following that, the SEC asked Ripple for new documents proving the allegations were true, as alleged.
In fact, the evidence, along with other evidence, will be used to fight Ripple's affirmative action, which emphasizes that they should have received 'fair notice' from the SEC before being prosecuted.
Simply put, if it is proven Ripple is actually involved in lobbying activities then they actually already know the status of the XRP in question.
Earlier in June 2020, former chairman of the Commodity Futures Trading Commission (CFTC), Chris Giancarlo had claimed XRP was not a security. However, at that time Giancarlo was already 'serving' under Ripple.
The SEC at the same time has made an application for a new discovery process, aimed at obtaining statements or oaths from six individuals associated with Ripple and having special knowledge in relation to the sale of XRP.
They include five former Ripple employees and co -founder of GSR trading company Christian Gil who does marketing on behalf of Ripple executives.
At the time of writing, XRP is trading at $ 0.96, soaring over 2% in 24 hours.
