New developments continue to occur in the case between Ripple and the SEC. The SEC has been asked to answer some of Ripple’s hotly debated questions.
Judge Sarah Netburn has asked the US Securities and Exchange Commission (SEC) to respond to some inquiries in order to reveal whether the allegations against Ripple are supported by the facts. The regulator will need to specify why XRP sales are investment contracts and clarify whether it believes Ripple’s efforts to play a key role in driving the XRP price up.
On the other hand, before XRP sales began, the inquiry as to whether the XRP Ledger was fully functional was rejected as it was too vague.
The judge also asked Ripple from the SEC. “quite burdensome” also allowed him not to respond to their inquiries.